Malaysia’s SC chairman says there’s ‘froth’ in cryptocurrency markets

Malaysia’s SC chairman says there’s ‘froth’ in cryptocurrency markets
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KUALA LUMPUR (Feb 6): Global financial markets have seen strong run-up and there were expectations of risk of correction, Ranjit Ajit Singh, chairman of Malaysia’s Securities Commission, says in interview with Bloomberg Television here.

* Economic fundamentals in emerging markets have not changed, and as their growth continue to be on right path, it could provide buying opportunities for investors

* Malaysia’s benefiting from strong economic fundamentals, has fiscally-responsible budget

* Securities Commission to continue to facilitate innovation through digital markets, its cautionary stance on cryptocurrencies is appropriate