News
Malaysian authorities have arrested 14 Chinese men for operating a Bitcoin investment scam and violating the Immigration Act.
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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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Malaysia-based cryptocurrency trading firm Tokenize Malaysia has received full approval from local securities watchdog.
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The Malaysian Palm Oil Council and BloomBloc have developed a blockchain-based app that enables users to trace palm oil throughout the entire supply chain.
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A day after an investor alert on Initial Exchange Offerings (IEO’s), the US SEC—which has levied severe penalties—the Securities Commission Malaysia (SC) published a regulatory guide on digital token offerings in the country.
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Iran’s President proposes creating a Muslim cryptocurrency as one of measures to confront the economic dominance of the United States.
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Malaysia’s 2020 cash restrictions will affect everything except humanitarian aid and regulated financial institutions.
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A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system.
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CIMB Singapore has completed its first blockchain-based trade financing transaction.
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Major bank HSBC carries out what it claims to be the first blockchain letter of credit to be enacted in Malaysia.
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Malaysia’s finance ministry says domestic and global adoption rates of cryptocurrencies are low, notwithstanding the significant attention the disruptive sector has garnered.
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The Malaysian Ministry of Education has introduced a blockchain platform to tackle the rampant use of fake educational certificates.
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International money transfer firm Xendpay has joined RippleNet to take advantage of its network for sending all types of currency around the world.
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Malaysian power utility firm Tenaga Nasional Bhd is tightening measures in a bid to stem the millions lost to electricity theft by Bitcoin miners.
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Malaysian electric utility Tenaga Nasional Bhd has raided 33 illegal Bitcoin mining operations that were allegedly stealing electricity.
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Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to an Islamic finance expert.
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