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Malaysia Crackdown Unlikely to Affect Binance, eToro
17.7.2020
Malaysia’s financial watchdog has said Binance and eToro don’t comply with the country’s securities law; it’s unlikely to make much of a difference to their local operations, however
Binance Isn't Permitted to Operate in Malaysia, Local Regulator Says
17.7.2020
Binance is said to be “operating a recognized market” without authorization from the Malaysian regulator
Shariah Law Opens to Crypto Trading, but Full Adoption Highly Unlikely
14.7.2020
The Islamic world seems primed for widespread digital asset adoption, as well-respected scholars claim that crypto trading is fully compatible with Sharia law
Malaysian Shariah Council Permits Cryptocurrency Investing and Trading
10.7.2020
The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that...
Malaysian Regulator's Shariah Advisory Council Allows Digital Asset Trading
9.7.2020
The Malaysian authority that oversees compliance with Islamic law in finance has permitted digital asset trading
Licensed Malaysian Crypto Exchange Integrates Market Surveillance System
4.6.2020
As part of its license application process from the local regulator, Malaysian crypto exchange Tokenize integrated an external market surveillance system
Eight Countries That Don’t Tax Your Bitcoin Gains
26.5.2020
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets...
Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy
30.4.2020
Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good store of value...
14 Chinese Men Arrested in Malaysia for Bitcoin Scam
19.4.2020
14 men have been arrested for targeting Chinese investors through a Bitcoin investment scam operated from Malaysia
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