Are there any regulations for cryptocurrency betting in Malaysia?

3 answers

• Dec 26, 2021 · 3 years ago
  Cryptocurrency betting in Malaysia is subject to certain regulations. The Malaysian government has not yet issued specific laws or guidelines regarding this activity. However, it is important to note that gambling in any form, including cryptocurrency betting, is generally prohibited in Malaysia. The Betting Act 1953 and the Common Gaming Houses Act 1953 are the main legislations that govern gambling activities in the country. As cryptocurrency betting falls under the category of online gambling, it is likely to be considered illegal. It is advisable to consult with legal experts or authorities for the most up-to-date information on the regulations surrounding cryptocurrency betting in Malaysia.
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• Dec 26, 2021 · 3 years ago
  Cryptocurrency betting in Malaysia is a grey area in terms of regulations. While there are no specific laws or guidelines that address this activity, online gambling is generally prohibited in the country. As cryptocurrency betting falls under the umbrella of online gambling, it is advisable to exercise caution when engaging in such activities. It is recommended to consult with legal professionals to understand the potential risks and legal implications before participating in cryptocurrency betting in Malaysia.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we prioritize compliance with regulations and adhere to the laws of the jurisdictions in which we operate. As for cryptocurrency betting in Malaysia, it is important to note that online gambling is generally prohibited in the country. While there are no specific regulations for cryptocurrency betting, it is advisable to comply with the laws and regulations governing gambling activities in Malaysia. It is always recommended to seek legal advice and ensure compliance with the local laws before engaging in any form of cryptocurrency betting.
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