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Malaysian SC Shariah Advisory Council praises crypto’s ‘great potential’

Published 10/07/2020, 09:20 PM
Updated 10/08/2020, 11:40 PM
Malaysian SC Shariah Advisory Council praises crypto’s ‘great potential’

Just three months after a landmark decision declaring digital assets trading is permissible under Islamic law, and religious scholars in Malaysia say crypto is looking bullish as an investment.

The Malaysian Reserve reported Dr. Modh Daud Bakar, the Securities Commission Malaysia (SC) Shariah Advisory Council chairman, as saying that crypto has great potential but adoption in the country faced challenges from a lack of understanding about the asset class.

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