The Future Of Cryptocurrency:
How Does It Revolutionize The Businesses
Cryptocurrency has risen to be one of the most celebrated class of digital assets (money) around the world. As of December 2017, total market capitalisation of cryptocurrencies has reached over US$465 billion. Acknowledging that there is increasing demand for cryptocurrencies and its unexplored potential, a number of countries have passed certain form of regulations facilitating the transactions of these digital assets.
With the increased number of participants and volume of transactions carried out day to day, experts believe that regulating the cryptocurrency industry is pertinent to ensure consumer protection. Recently, the Minister of Finance (MOF) has announced that the regulations for digital asset or cryptocurrency exchanges and Initial Coin Offerings (ICOs) will come into force by first quarter of 2019.
This programme aims to provide the latest cryptocurrency update while understanding the risks and challenges around it. Key areas covered will include role of the crypto exchanges, ICOs, trading and mining of cryptocurrency, anti-money laundering and anti-terrorism financing as well as tax considerations. The programme will also deliberate on cryptocurrency space in Malaysia post MOF regulations announcements.