WHAT IS CRYPTO?

Cryptocurrency is a purely digital form of value supported by blockchain technology — a decentralised, public, tamper-resistant ledger that records every transaction with transparency and integrity.

Unlike traditional financial systems that rely on multiple intermediaries, blockchain allows transactions to be executed directly on a distributed network. This creates an efficient, borderless framework for transferring value and maintaining transaction records.

IS CRYPTO MONEY?

From a functional perspective, cryptocurrency demonstrates characteristics commonly associated with money:

However, within Malaysia, it is important to note that cryptocurrency is not legal tender. It cannot replace ringgit for mandatory payments. Instead, it is formally recognised as a regulated digital asset under the oversight of the Securities Commission Malaysia, providing a structured and secure framework for participation.

WHAT GIVES CRYPTO VALUE?

Cryptocurrency derives its value from market forces and real-world adoption, rather than government backing. Several key drivers influence its valuation:

In short, crypto’s value reflects how the market assesses its usefulness, relevance, and demand.

HOW TO START IN MALAYSIA

For newcomers, the priority is to engage through licensed and regulated platforms.

Begin by registering with a digital asset exchange approved by Malaysian authorities, such as KDX, which offers a safe and secure environment for Malaysians to start investing digital assets.

KDX (formerly Tokenize Malaysia) is a Digital Asset Exchange (DAX) registered with Securities Commission Malaysia (SC). Buy, sell, and manage cryptocurrencies easily with Ringgit Malaysia (MYR) on the only bank-backed regulated crypto exchange invested by Kenanga.