Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
BNM cautions public on cryptocurrency platform
Last update: 12/03/2018

KUALA LUMPUR, March 12 (Bernama) -- Bank Negara†Malaysia (BNM) does not authorise or endorse the Coinzer, a cryptocurrency platform.

"The use of BNM logo and Jata Negara on the proposed physical coin design, white paper and website†https:www.coinzer.co†are unauthorised," the central bank said on its website.

BNM†advised the public to exercise caution and carefully evaluate the risks associated with investments in digital currencies.

"Digital currencies are not legal tender in Malaysia.

"Accordingly, digital currencies are not covered by prudential and market conduct standards or arrangements that are applicable to financial institutions regulated by BNM," it said.

-- BERNAMA

 <Back>

RHB Islamic Bank CEO is new AIBIM President
Islamic Financial Institutions should adopt IIFM standards

 
Islamic Banks eyes bigger trade financing mart share

Taiwan's Shinkong Insurance company gets excellent ratings
Tinubu Square launches innovation lab for insurance and banking industry

 
MSAM 2018 records 200,168 visitors

MIDDAY, MONDAY, MAY 21
US 3.9740/9780
S'pore 2.9562/9596
100 Yen 3.5753/5799
Sterling 5.3391/3448
Euro 4.6698/6749
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution