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I Sold EverythingCryptocurrency is legal and regulated in Malaysia.[1] Most digital assets in Malaysia are considered securities and subject to Malaysia's securities laws. In Malaysia, while it is not illegal, cryptocurrency remains to be unregulated. Back in January 2nd , Bank Negara Malaysia has issued a statement �The. While mining for cryptocurrencies is not illegal in Malaysia, there are stringent laws around power use. Malaysia's struggle to track down.