Fitch: Malaysia Ranks Among Most Open Islamic Crypto Markets as Regulated Volume Tops $4BAccording...

Fitch: Malaysia Ranks Among Most Open Islamic Crypto Markets as Regulated Volume Tops $4BAccording to TheStar, Fitch Ratings reported that Malaysia has become one of the most open Islamic markets for cryptocurrencies, driven by clear regulations and Sharia-compliant classifications. Between 2020 and 1H26, the Securities Commission Malaysia's Shariah Advisory Council endorsed major crypto assets—including BTC, ETH, XRP, and XLM—as Sharia-compliant, with 10 licensed digital asset entities operating under its regime by mid-2026. In 2025, trading volumes on regulated local exchanges grew 23% year-on-year to surpass $4 billion, representing roughly 2.5% of the domestic equity market, while banking support remains largely confined to transactional services for licensed operators.

Source: Wu Blockchain