Malaysia’s 2020 cash restrictions will affect everything except humanitarian aid and regulated financial institutions.
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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by Joeri Cant
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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by Helen Partz
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...
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by Joeri Cant
The Malaysian Ministry of Education has introduced a blockchain platform to tackle the rampant use of fake educational certificates.
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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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by Helen Partz
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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Malaysia has rolled out a work visa program targeting tech freelancers that addresses a demand for blockchain capable talents.
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by Helen Partz
SingularityNET, a blockchain-based AI firm, has entered into a strategic partnership with Domino’s Pizza Malaysia & Singapore.
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Malaysia’s financial regulator wants feedback from the public about ICOs and crowdfunding regulatory frameworks.
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