Tag: malaysia

Aug 24 2022

One Of Malaysia’s Largest Investment Banks To Launch Bitcoin, Crypto Super App

Kenanga Investment Bank to partner with Ant Group to launch a super app housing all of its financial services including a bitcoin and crypto digital wallet.Kenanga Investment Bank to launch a super app in 2023 which will support bitcoin and other cryptocurrencies.The bank boasts over 500,000 users and wants to distribute its product to other banks.The app will embed all...

Jun 06 2022

Binance Seeks to ‘Work Closely’ with Malaysian Crypto Exchanges

Binance, a major cryptocurrency exchange, said that it looks forward to working closely with Malaysian crypto exchanges to strengthen awareness among users of the industry.

Mar 24 2022

Malaysia Will Not Recognize Bitcoin as Legal Tender According to the Ministry of Finance

Malaysia refuses to recognize cryptocurrencies as legal tender including Bitcoin. Mohd Shahar Abdullah, Deputy Finance Minister in Malaysia said, "Cryptocurrencies like Bitcoin are not suitable for...

Malaysia’s Dep. Finance Minister Denies Crypto As Legal Tender

Malaysia's Deputy Finance Minister I, Mohd Shahar Abdullah, in a parliament session on Thursday has stated that Malaysia will not be recognizing...

Mar 21 2022

Malaysia Discusses Legalizing Bitcoin, Regulatory Obstacles

The Ministry of Communications and Multimedia of Malaysia calls on the federal parliament to legalize transfer of bitcoin and other cryptocurrencies.The Malaysian legislature is reportedly called on to legalize transfer on bitcoin and other cryptocurrencies. “We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them,” its deputy minister...

Government of Malaysia proposes Bitcoin, crypto as legal tender

Mar 21 2022 Published at CryptoSlate under tags  adoption bitcoin btc el salvador legal

The Communications and Multimedia Ministry of Malaysia proposed today that digital currencies such as bitcoin (BTC) should be adopted as legal tender to help the younger generation who are active users of the currency, especially on non-fungible token (NFT) trading platforms, says Datuk Zahidi Zainul Abidin, deputy minister of the Communication Ministry of Malaysia,...

Breaking: Malaysia’s Communications Ministry Proposes Crypto As Legal Tender

The Ministry of Communications and Multimedia of Malaysia proposes the adoption of cryptocurrencies, including bitcoin, as the interest for crypto grows among Malaysians. Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin on Monday suggested the Malaysian government legalize crypto to help the younger generation as they express intense interest in the cryptocurrency industry and...

Mar 08 2022

Is Malaysia The Next Crypto Capital Of Asia?

Mar 08 2022 Published at Bitcoinist.com under tags  bitcoin blockchain crypto malaysia nft

Things are going smoothly for Fusang, situated in the Labuan region of Malaysia. Labuan, established in 1990, is being pitched as Malaysia's Hong Kong. This mid-shore jurisdiction is located inside the nation but is free from its regulations and taxes. Labuan was relatively unknown until Fusang placed it on the map with its digital equity and bond offerings. "Paper shares now, digital shares...

Mar 01 2022

Binance and Cuscapi Berhad Strategically Invest in MX Global

Binance, the largest crypto exchange platform in today's markets invested in MX Global Sdn. Bhd. (MX Global). It was also announced that MX Global received additional investment from Cuscapi Berhad.

Jan 17 2022

Malaysian Converts Selfies Into NFTs, Becomes Millionaire In Just 5 Days

NFTs are a vital component of the crypto market and are used for...

Sep 05 2021

Australia, Malaysia, Singapore, South Africa Set To Test Cross-Border CBDC

CBDC, also central bank digital currency, is a digital token issued by a country. Many governments and central banks around the world are exploring the use of CBDCs. Even though they mostly remain in the hypothetical stage. However, more than 80% of central banks are looking at digital currencies. The Reserve Bank of Australia...

Sep 02 2021

Aug 13 2021

Binance Terminates Services in Malaysia, South Korea

The Malaysian regulator earlier ordered the exchange to exit the country within two weeks.

Jul 30 2021

Jul 19 2021

Steamroller Rig Destroyer: Malaysian Police Crush 1,069 Bitcoin Mining Rigs

After miners allegedly siphoned off nearly $2 million worth of electricity to fuel the energy-intensive bitcoin mining rigs, Malaysian police seized and destroyed 1,069 bitcoin mining rigs by crushing them with a steamroller. Bitcoin Mining Rigs Destroyed Authorities in Malaysia destroyed Bitcoin mining equipment worth more than $1.2 million after seizing them for operating illegally. Police in the city of Miri on the...

Feb 18 2021

Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police

Feb 18 2021 Published at CoinDesk under tags  crime malaysia mining news policy & regulation

Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.

Feb 08 2021

Malaysia’s Kenanga Investment Bank Acquires 19% Stake in Tokenize

The financial firm entered into a conditional agreement to invest in crypto trading services provider Tokenize Xchange.

Feb 02 2021

Malaysia Pair Face Caning for Alleged $37K Bitcoin Fraud

Feb 02 2021 Published at CoinDesk under tags  bitcoin crime malaysia news policy & regulation

If convicted, the two men face a maximum of 10 years in prison, caning and fines.

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