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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The new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and high-net-worth individuals.
Hata receives in-principle approval to be fifth Malaysian digital exchange
A Malaysian energy supplier uncovered an illegal cryptocurrency mining operation stealing power from the local grid on the island nation of Borneo.
Borneo authorities seize illegal crypto miners running off stolen power
Securities Commission Malaysia has ordered Huobi Global to stop all activity after failing to register to operate in the country.
Huobi Global ordered to halt operations in Malaysia
More proposals and currency concepts are emerging as Asia ramps up its efforts to distance itself from U.S. dollar hegemony.
Malaysia enlists China to help end USD dependence for trade
Expected to launch in early 2023, Kenanga’s crypto-friendly super app will feature digital investment management, e-wallet, FX, stock trading and other services...
Malaysian bank works on crypto-friendly ‘super app’ with Ant Group tech
The Securities Commission of Malaysia says Huobi is operating without official registration from local regulators.
Malaysian regulators add Huobi to investor alert list