Malaysia Revises Civil Servant Shareholding Rules and Clarifies Digital Asset Regulations

CoinFeed, June 20 – According to The Edge Malaysia, Malaysia has comprehensively revised regulations on civil servant shareholding and asset declaration. The new rules stipulate that public officials may purchase shares in companies incorporated in Malaysia, provided the shareholding does not exceed 5% of the company's paid-up capital or a value of no more than RM300,000, whichever is lower. While the shareholding cap remains at 5%, the value limit has been raised from RM100,000. Officials wishing to exceed the shareholding limits must seek approval from designated officers, including the Prime Minister and the Chief Secretary to the Government. The circular also sets out rules regarding digital assets. Previously, Bloomberg News reported in February that Azam, then Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC), held 17.7 million shares in a financial services company worth nearly RM800,000.