Bank Negara Malaysia (‘BNM
’) announced on 15 October 2021 that the deadline for submission of applications for registration of currency processors under the Currency Act 2020 (‘the Act
’) has been extended to 31 March 2022
At the same time, BNM also announced that further information regarding the registration will be announced at a later date.
BNM’s announcement on the above matters can be accessed here
The Act, which came into operation on 1 October 2020, requires any person, other than BNM or a financial institution, who carries on a currency processing business or holds itself out to be a registered currency processor, to be registered under section 26 of the Act. The expression “currency processing business