The local Communication Ministry has proposed to the government that "cryptocurrency such as Bitcoin" should be implemented as legal tender.
The deputy minister of the authority, Zahidi Zainul Abidin, commented that they want to legalize crypto in order to get young users to utilize Bitcoin for daily transactions and provide them with necessary...
Investor appetite for risky assets has plummeted recently.
Bitcoin has shown a negative correlation with interest rates, which has pressured its performance in recent months.
Long term, a small shift in global wealth to cryptocurrency could send Bitcoin's value higher.
