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10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
6.4.2020
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...
Malaysia Becomes the Next Country to Approve Cryptocurrency Exchange Amid Covid-19 Crisis
4.4.2020
Malaysia’s Securities Commission has given full approval to a cryptocurrency exchange operator to legally operate in the country despite the nationwide lockdown due to the coronavirus pandemic. Recently, Japan also approved a new cryptocurrency exchange as the country continues to fight...
Malaysian Securities Regulator Approves Crypto Trading Platform
3.4.2020
Malaysia-based crypto trading platform Tokenize Xchange is now legally approved to operate in the country
Binance Releases Its Own Debit Card, Initial Testing Will Be in Malaysia
26.3.2020
Binance is set to release a debit card for testing in Malaysia, though it plans to eventually make it available everywhere
Malaysian Blockchain App Allows Users to Trace Sustainable Palm Oil
26.3.2020
The Malaysian Palm Oil Council has introduced a blockchain-based app that enables users to track palm oil-related information throughout the supply chain
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
23.1.2020
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail...
Malaysia Announces Digital Asset Guidelines
19.1.2020
The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations...
Malaysia Looks to Tie Token Offerings to Exchanges
15.1.2020
Malaysia to restrict token offerings to exchanges the day after the US SEC warns against exchange offerings
Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency
21.12.2019
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim...
Iran Wants to Create Crypto to Confront ‘Economic Hegemony’ of US
19.12.2019
Malaysia supports President of Iran’s idea of creating a Muslim cryptocurrency as a means to confront the economic dominance of the U.S
Development Group: Southeast Asian Consumers Too Bullish on Crypto?
12.12.2019
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them
Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report
8.11.2019
Malaysia plans to impose a $6,000 limit on cash transactions in 2020
Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines
7.11.2019
Authorities arrested five suspected in the theft of almost 100 bitcoin machines
Malaysia Regulator Approves International Crypto Exchange Luno
23.10.2019
The strict financial regulator in Malaysia is trying to help the local fintech industry scale up and attract new investors. As part of that trend the Malaysia Securities Commission is recognizing the right of cryptocurrency exchanges such as Luno to serve local customers. Also Read: Credit Suisse...
Remittances Partnership to Use Cambodia Central Bank’s Blockchain System
21.10.2019
The National Bank of Cambodia, the country’s central bank, signed an MoU on cross-border payments and remittances with Malaysia’s largest bank
Malaysia Officially Launches Blockchain Village, Medini (BVAM)
18.10.2019
Khazanah Nasional Berhad, the sovereign capital fund of the Malaysian government, in association with its subsidiary i2M Ventures SDN BHD, today launched a Blockchain Village at Medini (BVAM) to facilitate the development of blockchain ecosystem in Malaysia. According to managing director of...
Major Singapore Bank Completes First DLT Trade Financing Transaction
17.10.2019
A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction
HSBC Issues First Letter of Credit on a Live Blockchain in Malaysia, Involves Firm Importing Resins
16.10.2019
The list of use cases of blockchain just got bigger as banking giant HSBC has issued a Letter of Credit on a live blockchain. The transaction involves a company called Simply Packaging for importing resin from a Singaporean company. The European bank’s Malaysian arm was the issuing party, while...
HSBC Enacts a Letter of Credit on a Blockchain in Malaysia
16.10.2019
Major bank HSBC announces first successful enactment of a letter of credit on a blockchain in Malaysia
Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low
11.10.2019
Malaysia’s finance ministry says despite commanding significant attention, global and domestic adoption of crypto remains low