Authorities warn M'sian digital assets open door to money launderers

As cryptocurrency trading gains traction in Malaysia, the country’s law enforcement bodies are seeing red over how the facilities are open to abuse by criminals.

They warn that the anonymity offered by digital asset platforms makes combating criminal activities more challenging, especially in investigating money laundering and tracing the movement of illicit gains.

“The use of this method is more difficult for authorities to detect, as...