News
BNM’s tokenization roadmap aims to focus on real-world use cases such as SME supply chain financing, Shariah-compliant Islamic products, green finance and 24/7 cross-border payments.
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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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Many crypto users online praised the decision but continued to criticize the exchange for freezing the funds in the first place.
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A crypto trader claiming to have $3.1 million unfairly frozen on MEXC claims they were offered to fly to Malaysia in person to address the situation, which they have declined.
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Malaysia’s securities regulator is seeking public feedback on a proposal to allow certain cryptocurrencies to be listed on exchanges without prior approval.
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Bitcoin adoption grew considerably in June, with 26 firms adding it to their balance sheets; meanwhile, Bitcoin’s hashrate fell 15%.
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Bitcoin ASIC maker Canaan has launched pilot production in the US and dropped its AI chip business, signaling a strategic pivot to core crypto operations.
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Malaysia unveils a regulatory sandbox for programmable payments and ringgit-backed stablecoins, aiming to position itself as a regional fintech hub.
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Illegal mining and a lack of regulation limit Malaysia from tapping into the crypto mining revenue.
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Hashlabs CEO Jaran Mellerud says US crypto miners could rush to buy mining rigs amid Donald Trump’s 90-day tariff pause but baseline levies will leave them at a disadvantage.
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From Argentina to Malaysia, at least five figureheads have become involved in memecoin drama since US President Donald Trump launched his own on Jan. 18.
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Malaysia is reportedly exploring cryptocurrency regulations after its prime minister held discussions with Abu Dhabi leaders and Binance founder Changpeng Zhao.
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Malaysia’s Securities Commission said that as of Dec. 27, Bybit had complied with its demands to disable its platforms in the country.
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The wallet service provider was subjected to a more than $100 million hack in 2023.
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The Malaysian blockchain is the international supernode operator of China’s public Xinghuo blockchain.
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Malaysia has strengthened its AI and cloud computing landscape with new regulations and partnerships, positioning itself as a hub for ethical AI and digital innovation.
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