Overview

• Draft measures would extend MASAK oversight to banks, payment systems, crypto exchanges and electronic money institutions.
• Tools would include wallet blacklists and transaction limits for accounts tied to suspected crimes such as illegal gambling and fraud.
• The plan targets the use of “rented accounts” and would require exchanges to collect fuller source and purpose details, with possible limits on stablecoin transfers.
• Reported as part of the 11th Judicial Reform Package, the proposal would allow restrictions on mobile and internet banking linked to suspected illicit activity and requires parliamentary approval.
• No introduction date has been provided, following earlier enforcement steps that included the CMB blocking several unauthorized digital-asset platforms in July.