Malaysia Tightens The Noose On Crypto Taxation With Nationwide ‘Ops Token’ Initiative

To curb tax evasion within the cryptocurrency sector, the Malaysian Inland Revenue Board (IRB) has initiated a special operation named “Ops Token.” This campaign, conducted with the assistance of the Royal Malaysia Police and CyberSecurity Malaysia, targeted several business entities across the Klang Valley suspected of underreporting their cryptocurrency transactions. Related Reading: Crypto Investors Rejoice:

Source: Bitcoinist