News
Binance is said to be “operating a recognized market” without authorization from the Malaysian regulator.
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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.
- Analysis
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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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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