BOOST Goes Asia Wide - Next Stop: Malaysia
BOOST is a series of Bitcoin parties taking place across Asia. The first event was held in Hong Kong earlier this month. It was so well received that the BOOST crew decided to take the idea regional: Bitcoin parties - Asia wide. The idea is to provide a fun and informal atmosphere to promote and educate. The focus is on the benefits of Bitcoin and....
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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 […]
Blockchain Embassy Asia (BCE.Asia), a Malaysia-based non-profit, digitally-distributed organization that promotes blockchain governance as a method for collaboration among business entities in Asia, recently established a steering committee in its mission of educating organizations in Asia about the legal and technical implications of distributed ledgers. The organization recently fulfilled its self-imposed requirement of having nine “ambassadors” with different specialties for its Malaysian Steering Committee. They are: RHB, trustee ambassador; MahWengKwai & Associates, legal....
CoinBit.me is a new Bitcoin platform that was launched in Malaysia in April. Since its inception, 17,800 registered users from all around the world have signed up. Co-founders Thinhes Selvaraja, CEO, and Calvin Kong, a software engineer from Hong Kong, started their business with a specific goal in mind — to be the first Bitcoin company incorporated in the country. The growing startup now has six members controlling legal, accounting, design and business development. CoinBit also provides other cryptocurrency solutions like bill payment and phone top ups. Malaysia offers a “fresh....
Malaysia’s communications ministry has proposed legalizing non-fungible tokens (NFTs) to increase the participation of young people in the cryptocurrency space. The crypto sector is under the purview of the central bank, Bank Negara Malaysia, and the Securities Commission.
Malaysian Ministry Wants NFTs Legalized
Malaysia’s Ministry of Communications and Multimedia has proposed legalizing non-fungible tokens (NFTs) “to help the younger generation who are actively involved in the space,” Malaysian national news agency, Bernama, reported Monday.
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The crypto exchange has been served with a notice to stop offering its services in the country. Malaysia is the latest regulatory theater to come after Binance as authorities in the country have accused the exchange giant of continuing to operate in the country illegally.According to an announcement released on Friday, the Securities Commission of Malaysia has served a public reprimand against Binance calling for the exchange and all of its entities to cease operations in the country.Binance has 14 business days from July 26 to comply with the order that includes disabling its website and....