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.
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) publis...
Malaysia Looks to Tie Token Offerings to Exchanges
Iran’s President proposes creating a Muslim cryptocurrency as one of measures to confront the economic dominance of the United States.
Iran Wants to Create Crypto to Confront ‘Economic Hegemony’ of US
Malaysia’s 2020 cash restrictions will affect everything except humanitarian aid and regulated financial institutions.
Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report
A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system.
Remittances Partnership to Use Cambodia Central Bank’s Blockchain System
CIMB Singapore has completed its first blockchain-based trade financing transaction.
Major Singapore Bank Completes First DLT Trade Financing Transaction
Major bank HSBC carries out what it claims to be the first blockchain letter of credit to be enacted in Malaysia.
HSBC Enacts First Letter of Credit on a Blockchain in Malaysia
Malaysia’s finance ministry says domestic and global adoption rates of cryptocurrencies are low, notwithstanding the significant attention the disruptive sector...
Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low