News
The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.
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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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Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.
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The crypto exchange has been served with a notice to stop offering its services in the country.
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It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap.
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The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness.
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The BCMG Genesis Bitcoin Fund-I will be available to accredited Asian investors.
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Malaysian financial services firm Kenanga Investment Bank Berhad is getting into digital assets.
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After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond.
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The new entity is called Huobi Labuan, and its brokerage license allows it to offer crypto spot and derivatives trading for an initial nine-month trial period.
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The $3 billion blockchain bond has been effectively cancelled.
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China Construction Bank has used blockchain technology to issue the first tranche of a planned $3 billion worth of debt.
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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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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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