Federal Territories Minister Khalid Abdul Samad says the government is still undecided whether to legalise the use of cryptocurrency and digital currency in the country. - NSTP/MOHAMAD SHAHRIL BADRI SAALI

KUALA LUMPUR: The government is still undecided whether to legalise the use of cryptocurrency and digital currency in the country.

Federal Territories Minister Khalid Abdul Samad said the matter was still under consideration.

“People have asked me if these (cryptocurrency and digital currency) currencies are legal or illegal. At the moment, the answer is neither legal nor illegal as the situation is still unclear.

“Yes, I was involved in the launch of Harapan Coin. However, I was not appointed as finance minister. Instead, I became federal territories minister.

“As the matter is not under my jurisdiction, I cannot push too much,” he told reporters after officiating a tea reception and school aid presentation for 100 orphans and deserving children in Selangor and Kuala Lumpur organised by Pertubuhan Kebajikan Insaniah Srikandi Malaysia here today.

Khalid made the comment when he spoke about the success of the event’s co-organiser, Blockchains.My, who was involved in the new digital technology venture.

The minister had previously proposed to Bank Negara Malaysia and Prime Minister Tun Dr Mahathir Mohamad to use the Harapan Coin cryptocurrency for government transactions. -- Bernama