Bitcoin May Be Banned? Government Establishes Special Committee for Comprehensive Review
Malaysia Forms Special Committee to Review Bitcoin Policies Amid Potential Ban
By IFCCI Communications Department
Data Verified and Updated As of 19 November 2025
KUALA LUMPUR — The Malaysian government has announced the formation of a cross-departmental special committee to conduct a comprehensive review of Bitcoin-related activities in the country, including evaluating whether a direct prohibition may be warranted. This initiative reflects Malaysia’s commitment to responsible financial regulation, public protection, and sustainable energy management. As reported by Enanyang, the committee is expected to convene its first meeting next month.
Composition of the Special Committee
The special committee will comprise representatives from multiple key governmental agencies, ensuring a broad and coordinated approach to cryptocurrency oversight. Members include officials from the Ministry of Finance, Bank Negara Malaysia, and the Energy Commission, as well as representatives from the Ministry of Digital Economy, Housing Ministry, Ministry of Home Affairs, Inland Revenue Board, Royal Malaysia Police, Communications and Multimedia Commission, Cybersecurity Agency, and local government authorities.
Deputy Minister of Energy and Water Transition, Akma, outlined in the House of Representatives that the committee will focus on cross-sector regulatory challenges, particularly those related to illicit energy consumption from cryptocurrency mining.
Scope and Mandate
The committee’s first meeting will review the potential need for dedicated policies addressing Bitcoin activities. This includes assessing whether Bitcoin operations should be outright prohibited and reviewing the 1990 Electricity Supply Act to determine if amendments or strengthened enforcement are necessary.
The review is largely motivated by increasing incidents of electricity theft linked to illegal cryptocurrency mining operations, which have caused substantial losses to the national energy infrastructure. By bringing together diverse regulatory bodies, the Malaysian government aims to address both the financial and technical aspects of cryptocurrency governance.
Implications for Financial Advisory and Regulation
As digital assets continue to grow in popularity, the establishment of this committee signals Malaysia’s proactive stance in balancing innovation with financial integrity and public safety. For financial advisors and market participants, it highlights the importance of regulatory compliance and ethical guidance in cryptocurrency investments.
This development aligns with broader IFCCI principles promoting financial literacy, responsible investing, and adherence to national and international compliance standards.
Conclusion
The formation of Malaysia’s cross-departmental committee represents a crucial step in the governance of emerging digital assets, reinforcing the need for transparency, risk management, and inter-agency collaboration. As reported by Enanyang, Malaysia is taking measured action to ensure that cryptocurrency activities do not compromise national energy resources or financial stability.
Legal Compliance Statement & Disclaimer
This article references the original reporting by Enanyang, published on 19 November 2025. All quotations and information are attributed accordingly. The International Financial Consultant Certified Institute (IFCCI) does not endorse or promote any individual, organisation, or cryptocurrency mentioned.
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