Bitcoin, a universal currency? – While in July 2021, the Malaysian authorities made a (stupid) demonstration of destruction of Bitcoin (BTC) mining machinestheir consideration of crypto-assets seems to have finally evolved in the right direction. Certain high-ranking politicians plan in any case to legalize digital assets, even to the point of making them legal tender coins.
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Making Bitcoin and Crypto Legal Tenders in Malaysia
Since September 7, 2021, the salvador is the first nation to have adopted bitcoin as legal tenderforcing banks and all large companies to play the game of accepting BTC as a means of payment.
But the Central American country could soon to be joined by a second state, in Southeast Asia this time. Indeed, according to a publication of the local newspaper TheStar, the Malaysia would be on the way to follow the example of El Salvador.
It is through the voice of the Malaysian Deputy Minister of Communications and Multimedia, Zahidi Zainul Abidinthat the good news arrived on March 21, 2022:
“We hope that the government can authorize and legalize all this [ndlr : les crypto-actifs]. We are trying to see how we can regulate this, so that we can increase the interest of young people in cryptocurrencies, and help them [dans cette adoption]. »
Although the Deputy Minister refers to cryptos as “future of money”he recalls (and deplores?) however that these decisions are within the competence of the Central Bank of Malaysiaas well as its Securities Commission.
More and more countries are considering, at least legalize totally Bitcoin and crypto-assets, or even outright to make national currencies. The question is not “ if “corn ” when “ a second nation will follow in El Salvador’s footsteps. There are in particular the Tonga islands which seem particularly advanced to in turn make Bitcoin a legal tender currency.
El Salvador has led the way. Which country will be the next to adopt Bitcoin as a national currency?… Anyway, adoption is accelerating like a groundswell and it is better to ride the wave rather than stay on the beach. Dare to approach the oceanic crypto eddies by registering immediately on KuCoin (affiliate link).