Digital Securities The Future of Malaysian Capital Markets

Editor: Ruzita Abdul Rahim & Aini Aman
Publisher: UKM Press
ISBN: 9789672516002
Weight: 0.2kg
Pages: 125
Year: 2021
Price: RM25

This book responds to the massive disruption in the local and global capital markets due to technological advancement, specifically Fintech. It discusses the basics of Distributed Ledger Technology (DLT) and Blockchain, the Fintech that enables digital innovation and tokenization. After Blockchain's phenomenal success with Bitcoin, thousands of altcoins emerged, and some served as platforms for smart contracts. Through tokenization, Fintech transforms financial and tangible assets into digital securities. As cryptocurrencies are accepted as mainstream investments, this book finds it imperative to categorize them by their functions. While their returns are incredibly appealing, speculative activities have increased cryptocurrencies ' volatility and investment risks to unprecedented levels. By June 2020, there were nearly 2,000 cryptocurrencies declared dead. No regulations and authorities are governing cryptocurrencies. Yet, investors willingly take their own risks in cryptocurrencies despite their connections with increasing darkness. 

Thus, this book discusses the legal aspects of cryptocurrencies. It discusses ample cases to justify the urgency for the regulations, guidelines, and infrastructure to protect the investors, search for stablecoins, and introduce the Central Bank Digital Currency. This book intends to prepare the people for the future of capital markets, building understanding to expedite acceptance and adoption of Fintech and its products and services. Such a swift response is necessary to overcome the effects of COVID-19 and keep abreast with the national transformation to a digital economy. Malaysians ' adoption of digitalization will put the country on a level field with the rest of the world. This book is positioned for senior undergraduate students, postgraduate students, researchers, regulators, practitioners, and the public. The materials are suitable for additional readings for courses on Digital Economy, and Fintech. Blockchain, Cryptocurrency, Islamic Finance, and Banking, and Investment.