Deputy minister hopes cryptocurrency mining will be made legal

 

Police and Tenaga Nasional Berhad officers during a raid on a premise mining Bitcoin cryptocurrency using stolen electricity in Taiping in January. (PDRM pic)

KUALA LUMPUR: The communications and multimedia ministry has proposed that non-fungible tokens (NFTs) and cryptocurrency mining be legalised to help the younger generation who are actively involved in this space.

Deputy minister Zahidi Zainul Abidin said the ministry will look into ways to increase the youth’s involvement in digital assets, which come under the purview of Bank Negara Malaysia and the Securities Commission.

“We hope the government will allow and legalise this so that we can increase the youth’s uptake of cryptocurrencies,” he said.

Zahidi said this in the Dewan Rakyat today in reply to a supplementary question from Syed Ibrahim Syed Noh (PH-Ledang) on the government’s stand on trading on NFT platforms which are becoming more popular, especially among the younger generation. - FMT