ICO, ІРО, STO

26/11/18 11:00 UTC-4

ICO Harapan Coin: Will the Central Bank of Malaysia approve of a new cryptocurrency?

Harapan Coin – a new cryptocurrency in Malaysia
Harapan Coin – a new cryptocurrency in Malaysia

According to the Minister of Finance of Malaysia, Lim Guan Enga, the Central Bank of the country "Bank Negara Malaysia" (BNM), will hold a consultation on the implementation of cryptocurrency projects, – as reported in Thestar.com.my.

November 23-25, 2018, the discussion of the new Harapan Coin cryptocurrency, which has all the prospects to become a state means of payment, did not abate in Malaysia. Recall that the ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details
Harapan Coin was planned for this spring but started only a few weeks ago. Now, the Central Bank of Malaysia is considering a proposal to make ICO – state, thereby strengthening the position of the future altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details
.

"We have to be careful, because Bank Negara is a financial authority that, for today, controls all forms of new currency technology. (...) To do something without considering the opinions of Bank Negara, it’s equivalent to go against the law" – Lim Guan Ang at a conference in Kuala Lampur.

The comments of the Minister of Finance of Malaysia were caused by intense debate over the new Harapan crypto-coin. As you know, this cryptocurrency was named the first political platform to raise funds in the world based on blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology.

During parliamentary debates on Monday (November 26), deputies again raised the issue that the Harapan project had already collected several thousand US dollars, despite the fact that it had not received official approval from Bank Negara Malaysia.

As is well known, Khalid Abdul Samad, the Minister of Federal Territories of Malaysia (the Aman Negara Party), launched the ICO project Harapan Coin to raise funds for the current ruling political coalition called Pakatan Harapan. But after a few days, the ICO became extremely popular: there were both devotees and critics.

"Now everything depends on the decision of Bank Negara Malaysia. Until the time of the final decision is not worth investing in Harapan Coin" – Lim Guan Eng.

Editor: Alyona Nabok

See also: "12 ICO should start on BitMEX. Among them are Telegram, Filecoin and Tuto Overstock"

#Malaysia #Harapan Coin #cryptocurrency #ICO

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