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.
News
Similar to countries like Indonesia, Malaysia has not banned crypto trading but the government doesn't want to adopt crypto for payments.
Malaysian deputy finance minister responds to proposal to legalize Bitcoin
Helen Partz
2022-03-24T14:10:00+00:00
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Malaysia’s finance minister previously warned that crypto payments were illegal, as they did not meet the universal characteristics of money.
Malaysian comms official calls on the state to legalize crypto and NFTs
Helen Partz
2022-03-21T08:11:36+00:00
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Binance has forged an array of new partnerships with regulated firms, especially in countries where it has found it difficult to get regulatory approval.
Binance back in Malaysia via a strategic stake in regulated digital exchange
Prashant Jha
2022-03-02T12:37:35+00:00
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The firm selected the Polygon blockchain for its low transaction fees and fast transaction time.
Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain
Zhiyuan Sun
2021-11-05T21:25:00+00:00
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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.
Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot
Samuel Haig
2021-09-02T06:05:33+01:00
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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.
Cambodia explores cross-border transactions of CBDC-like Bakong
Helen Partz
2021-08-06T13:15:01+01:00
3859
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The crypto exchange has been served with a notice to stop offering its services in the country.
Binance banned in Malaysia, given 14 days notice to shut down operations
Osato Avan-Nomayo
2021-07-30T11:10:48+01:00
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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.
Malaysia is literally crushing thousands of illegal Bitcoin miners
Turner Wright
2021-07-16T20:15:00+01:00
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