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| comment | | "parent_author":"",<br>"parent_permlink":"cryptocurrency",<br>"author":"videoaddiction",<br>"permlink":"malaysian-central-bank-id-now-needed-for-any-crypto-exchange-transaction",<br>"title":"Malaysian Central Bank: ID Now Needed For Any Crypto Exchange Transaction",<br>"body":"![ (https:\/\/steemitimages.com\/DQmfG9JpxVQGCjt3HYTQMtFo1spkQxWexCU5w7mGgz1h1pq\/image.png)\n\nCryptocurrency exchanges in Malaysia must now fully identify traders after new central bank anti-money laundering legislation came into effect Tuesday,<br> Feb. 27.\n\nA copy of the legislation and official press release from the Bank Negara Malaysia (BNM) states that any exchanges offering crypto-to-fiat,<br> fiat-to-crypto and even crypto-to-crypto trading must \u201cidentify the customer and verify that customer\u2019s identity.\u201d\n\nAs Cointelegraph reported in November 2017,<br> forecasting the regulations,<br> BNM Governor Tan Sri Muhammad bin Ibrahim placed emphasis on the need to control potential criminal usage of digital currencies.\n\n\u201cThe advent of digital currencies as some have forecast will mark the beginning of a new era in the financial sector. As authorities,<br> we cannot be oblivious to these developments,<br>\u201d the BNM Governor said.\n\nNow,<br> exchange operators must comply with various statutes relating to \u201ccustomer due diligence\u201d (CDD) before allowing new and existing accounts to legally continue activity.\n\nhttps:\/\/cointelegraph.com\/news\/malaysian-central-bank-id-now-needed-for-any-crypto-exchange-transaction",<br>"json_metadata":" \"tags\":[\"cryptocurrency\",<br>\"exchange\",<br>\"id\",<br>\"malaysia\",<br>\"transaction\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmfG9JpxVQGCjt3HYTQMtFo1spkQxWexCU5w7mGgz1h1pq\/image.png\" ,<br>\"links\":[\"https:\/\/cointelegraph.com\/news\/malaysian-central-bank-id-now-needed-for-any-crypto-exchange-transaction\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | comment_options | "author":"videoaddiction",
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