Chairman of Malaysia's Islamic Sharia Advisory Board: Encryption technology has great potential, but the country does not understand it.

2020-10-8 09:27
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According to the Cointelegraph, Modh Daud Bakar, chairman of the Islamic Advisory Board of the Malaysian Securities Commission (SC), said that while crypto technology has great potential, its application in Malaysia has been hampered by a poor understanding of heritage. . . He said only 2% of Malaysians knew about cryptocurrencies. “Cryptocurrency is a medium of exchange, and we cannot prevent people from using it as a medium of exchange, such as buying e-tickets or buying items in stores,” he said. .

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