Malaysia’s Central Bank Rebukes ICO For Unauthorized Use Of Its Logo

Central Bank of Malaysia (BNM) has officially declared that it does not approve the corner-cryptographic platform and its licensed logo on March 11.

According to the press release of BNM, Senator used the Malaysian coat of unauthorized images of arms and weapons on the physical design proposal for coin, its white paper and its website. BNM says that crypto investment is risky and is not considered legal tender in Malaysia. SOURCE https://cointelegraph.com/news/malaysias-central-bank-rebukes-ico-for-unauthorized-use-of-its-logo