Two Malaysians face 10 years in jail and caning over $37K BTC scam
The two allegedly lured three women to invest in their BTC scheme for guaranteed returns over a seven-month period, according to reports.
Latest Malaysia News
World’s second-largest bank withdraws $3B blockchain bond
The China Construction Bank had postponed the trading of the bond at first before eventually withdrawing it.
Malaysia securities regulator issues guidance for digital asset custody, IEOs
The Securities Commission of Malaysia said the move was designed to support “responsible innovation in the digital asset space.”
2 block reward miners arrested in Malaysia over $600K electricity theft
Power theft in Malaysia by alleged block reward miners continues to be a big challenge for the country’s authorities.
Bitcoin Association sponsors Islamic Fintech Week 2020
The three-day event will bring together stakeholders, regulators and innovators to chart the future of financial technology in the Islamic world.
Block reward miners in Malaysia caught stealing power
Authorities said the monthly electricity bill for the locations came to just above $200 despite the block reward mining operations.
Malaysia regulator plans framework for wallet providers
The Securities Commission of Malaysia said industry feedback would “complement the existing frameworks for Digital Asset Exchange and Initial Exchange Offering.”
Binance joins list of unauthorized companies operating in Malaysia
The Malaysia Securities Commission has stated that Binance is “operating a recognized market without authorization from the SC”.
Malaysia securities regulator warns of digital currency ATM scam risks
Firms operating digital currency ATMs are technically operating digital asset exchanges, which need to be authorized by the regulator.
Malaysian police arrest 14 Chinese men involved in digital currency scam
Police in Malaysia have arrested 14 Chinese men who have been targeting investors from China. They would pose as successful investors to lure their victims.
Malaysia’s Securities Commission sets guidelines for ICOs, IEOs
The new regulations should help keep entities honest as they try to raise funds for their projects.
Can Muslim crypto fight US economic dominance? Iran thinks so
The President of Iran has called on Muslim nations to develop a cryptocurrency that could help them avoid using the USD, reducing the U.S economic dominance.
