Is Malaysia The Next Crypto Capital Of Asia?
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 […]
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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....
In another sign that bitcoin awareness is spreading in Southeast Asia, Malaysia now has at least one restaurant accepting the digital currency. The restaurant, which serves Malaysian specialities, is called Nasi Dagang Capital and can be found in the Damansara Uptown district of Malaysia's largest city, Kuala Lumpur. Business acceptance across the region has been slow to pick up, mainly due to lack of media attention and knowledge of bitcoin's benefits among merchants, but that may be slowly changing. As is the case in many other cities, the eatery is the regular venue for KL's weekly....
Over the past few years, Malaysia has imposed tight regulations on money transmission, remittances, and other financial operations, effectively complicating international payments and trading of foreign reserve currencies. These regulations have led to a rapid development of the Malaysian bitcoin market increasing demand for the cryptocurrency. Malaysia....
Binance has forged an array of new partnerships with regulated firms, especially in countries where it has found it difficult to get regulatory approval. Binance, the world’s leading crypto exchange by trading volume is returning to the Malaysian markets with a strategic stake in the country’s regulated digital asset trading platfrom MX Global.Binance and Cuscapi Berhad acquired a key stake in MX Global, one of the four Recognized Market Operators - Digital Asset Exchange licensed by the Securities Commission (SC) in Malaysia. Hello Malaysia. https://t.co/vsHzHlm7KI— CZ Binance....
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....