Cryptocurrency has emerged as one of the most celebrated class of digital assets (legal tender) around the world. As of 8th October 2019, there are approximately 2,957 cryptocurrencies being traded with a total market capitalisation of US$221 billion. Recognising the increasing demand for cryptocurrencies and its untapped potential, a number of countries have approved certain forms of regulations facilitating the transactions of these digital assets.
With an increased number of interested players and volume of transactions carried out day to day, experts believed that regulating the cryptocurrency industry is pertinent to ensure investor’s rights are protected. The Securities Commission Malaysia’s announcement on registration of three (3) Recognized Market Operators (RMOs) to establish and operate digital asset exchanges(DAX) in Malaysia showed a supportive drive by the authorities to spur innovation in the industry, while ensuring the risks on digital assets trading activities remain under control.
This programme will feature case studies discussions on the latest developments of digital assets spectrum in relations to the regulatory framework, operational risks and best practices on post-trading operations of the assets. This programme will also discuss the role of the digital assets enabling users, traders, issuers, promoters, facilitators, managers, regulators, decision makers, blockchain technology providers and the relevant financial authorities in meeting the contemporary global market increasing demand. In addition to that, discussions on Shariah’s perspectives with regards to Sharia’s principles and ethical concerns will be deliberated from technical issues, operational mechanisms as well as its legal status.