Considered, by the government, as a share like asset that they want to tax gains etc. But I agree with nostr:npub1nqx3lfjxpkqhck3kgrdtkhncvffe94l7qrep6ftw49nphnmw9szqvh3quf, it's legality has no impact as they can't control it.
Discussion
in Malaysia, it is governed by the security comission as digital assets. similar to share frankly. but we have not yet implement capital gain tax. maybe next year