ANALYSING THE LOOPHOLES ON ESTATE ADMINISTRATION OF CRYPTOCURRENCY IN MALAYSIA

The recognition of cryptocurrency as digital assets in Malaysia under the purview security governed by Securities Commission contributed to cryptocurrency's positive acceptance, with evidence that number users is growing. Nonetheless, due unique characteristics cryptocurrency, lack legal regulation on inheritance will have an impact crypto estate administration. Apparently, law still its infancy, and existing issue frozen Malaysia, which constantly increasing, prompted researchers investigate potential loopholes administration from a shariah standpoint. study conducts content analysis examining relevant statutories, such “the Probate Administration Act 1959, Capital Market Service 1997, Services (Prescription Securities) (Digital Currency Digital Token) Order 2019, Shariah Resolutions Fatwas Malaysia”, other literatures related As result, there are prevent being inherited entitled beneficiary. may arise near future; thus, this provides policy implications Malaysian regulators solve highlighted lacuna well social society consider their planning.