NFT, cryptocurrency legalisation will spark growth of new economy in Malaysia

The Communications and Multimedia Ministry’s (K-KOMM) recent proposal about legalising non-fungible tokens (NFT) and crypto mining activities has been well-received by those in the local NFT and cryptocurrency industry. A local startup founder involved in the NFT GameFi industry, Datuk Clifford Hii said that the industry welcomed it as a sign that the government recognised how important this new industry was and legalisation was the first step in bringing it into mainstream consciousness.