Mg and its alloys have attracted much attention recently as a biomaterial due to their excellent biocompatibility, similar mechanical properties to bone and biodegradability. However, the rapid degradation proved to be challenging to act as an implant. To improve the corrosion resistance and overcome rapid degradation of Mg-based alloys, researchers have been working on the synthesis of Mg-based bulk metallic glasses (BMGs). The first research on Mg-Cu-Y BMG was conducted by Inoue in 1991. Since then, Mg-based BMGs with different systems have been developed. Compared to the crystalline metallic Mg-based implants, the structure of Mg-based BMGs without any regular pattern offers low corrosion reactivity and increase passivity. Mg-based BMGs exhibit a good combination of biological, mechanical and corrosion properties and ease of fabrication. Thus, Mg-based BMGs can be considered an efficient candidate in the biomedical field.