News
An Aussie company operating an aquaculture farm in Malaysia is conducting the first initial public offering to accept crypto assets in Australia.
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Malaysia News
Malaysia is a federal constitutional monarchy in Southeast Asia with a population of 32 million and an area of 330 kilometers. Malaysia has a recently industrialized market economy with a relatively fast GDP growth and a highly competitive market. Malaysia is considered to be attractive for foreign investments as it has a highly diversified and robust economy. The Malaysian economy is a producer of such export goods as electronic products, petroleum, chemicals, machinery and scientific equipment that are mostly sold to Singapore, China and Japan. The Malaysian government has issued no Bitcoin regulations. Malaysia allows Bitcoin mining and trading with no restrictions. However, the Central Bank of Malaysia issued a statement that Bitcoin is not considered to be legal tender and its users are poorly protected from fraudulent schemes and operational risks.
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Regulation for initial exchange offerings and digital asset custodians comes into force today.
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A Shariah Advisory Council chairman in Malaysia has praised the “great potential” of cryptocurrency
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“I am handing over the public-listed company’s business to the new directors and I will concentrate on cryptocurrencies,” said the 65-year-old.
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The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams.
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The cases of the robber’s two accomplices are still pending.
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Standard Chartered Bank has launched the first remittance service in Bangladesh.
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The two crypto mining operations stole almost $20,000 in electricity monthly.
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They thought they had it made, but the Malaysian authorities were one step ahead.
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Binance is said to be “operating a recognized market” without authorization from the Malaysian regulator.
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The Islamic world seems primed for widespread digital asset adoption, as well-respected scholars claim that crypto trading is fully compatible with Sharia law.
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The Malaysian authority that oversees compliance with Islamic law in finance has permitted digital asset trading.
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As part of its license application process from the local regulator, Malaysian crypto exchange Tokenize integrated an external market surveillance system.
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Cointelegraph examines where crypto debit cards are available and what options they offer as wider adoption starts to take hold.
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Malaysian authorities have arrested 14 Chinese men for operating a Bitcoin investment scam and violating the Immigration Act.
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