According to The Straits Times, the Malaysian Public Service Department has revised rules on civil servant shareholding and asset declaration, and has officially included digital assets within the regulatory scope. The new regulations specify that civil servants holding shares in Malaysian-registered companies must not exceed 5% of the company's paid-up capital or a value of 300k Ringgit (approximately 70k USD), whichever is lower; the total accumulated shareholding value must also not exceed 300k Ringgit. If the limit is exceeded, approval must be obtained from a designated official. The background for this adjustment is the public controversy sparked by former Malaysian Anti-Corruption Commission chairman Azam Baki's shareholding dispute.

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SilverCubeInsomnia
· 3h ago
Bringing digital assets into the regulatory framework is a good thing, but how to verify on-chain holdings at the implementation level? With wallet anonymity in place, is reporting based on self-awareness or on-chain analysis tools? I'm quite curious about this.
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Don’tLetTheLiquidationAlarm
· 3h ago
Civil servants trading cryptocurrencies also need to report, Malaysia's move is quite forward-thinking.
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