Malaysia is not planning to adopt Bitcoin as legal tender
The country's deputy finance minister has dismissed recent reports that Bitcoin and other digital assets could be legalized in Malaysia. Instead, Mohd Shahar Abdullah said the country will focus on issuing a central bank digital currency.
Finance Minister is more interested in a CBDC
Malaysia's Deputy Finance Minister Mohd Shahar Abdullah told parliament Thursday that cryptocurrencies such as Bitcoin are not suitable as a means of payment. His remarks come days after a minister in the Southeast Asian country called on the government to legalize cryptocurrencies like Bitcoin to encourage youth participation in the crypto industry.“Cryptocurrencies like Bitcoin are not suitable for use as a payment instrument due to various limitations,” which include price swings and exposure to cyber threats" - Malaysia's Deputy Finance Minister said.The politician outlined a different path Malaysia has taken via a central bank digital currency. In January, the country had already explored the potential benefits of adopting a digital currency, and months ago, Bank Negara Malaysia had partnered with the central banks of Australia, Singapore, and South Africa to organize a cross-border payments trial with multiple CBDCs
Crypto adoption in Malaysia
Although Bitcoin is not accepted as legal tender, the country's residents use cryptocurrencies at an above-average rate. According to the Cryptocurrency Adoption Index published by comparison platform and information service provider Finder in December 2021, Malaysia ranked 7th out of 27 countries surveyed with a crypto ownership rate of 19.9% - well above the global average of 15.5%.Meanwhile the country is facing problems with illegal Bitcoin mining, as electricity theft in Malaysia by Bitcoin miners cost power companies hundreds of millions of dollars in 2021. Mining is not illegal per se in Malaysia, but some miners steal electricity by altering the installation of a meter or bypassing the meter altogether to make an illegal connection.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
