UTC-05:00,Wednesday , November 13th 2019
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Malaysia To Impose Restrictions On Cash Transactions

11:08 Friday , November 08th 2019
The Malaysian government plans to impose restrictions on cash transactions reports local media platform The Star. According to the publication, the move is part of efforts to combat money laundering in the country.
Commenting on the plan, Datuk Abdul Rasheed Ghaffour, the deputy governor of Malaysia's Central Bank Negara (BNM), remarked: "This is to address the abuse of physical cash used for illicit activities."
Malaysian economist, Barjoyai Bardai believes the proposed cash transaction limit in the country could boost digital currency adoption.