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Caution on unauthorized cryptocurrency investment platform Coinzer

Release Date: 11 Mar 2018

BNM would like to state that it does not authorise or endorse the cryptocurrency platform called Coinzer. The use of BNM logo and Jata Negara on the proposed physical coin design, white paper and website are unauthorised.

Members of the public are advised to exercise caution and carefully evaluate the risks associated with investment in digital currencies.

Digital currencies are not legal tender in Malaysia. Accordingly, digital currencies are not covered by prudential and market conduct standards or arrangements that are applicable to financial institutions regulated by BNM.

Update: Coinzer has since removed the proposed physical coin design in its latest edition of white paper published at

© Bank Negara Malaysia, 2018. All rights reserved.