It was a gutsy heist, but this story did not have a happy ending as five people were arrested after attempting to steal 85 crypto ATMs from a warehouse in Seremban, Malaysia.
The country’s government is going to use the technology to track food supply chains and could move agricultural and energy projects to the blockchain.
Malaysia Digital Economy Corporation will be working with immigration to bring more blockchain talent to Malaysia.
Malaysia’s Securities Commission has given permission to 3 crypto exchanges to operate, and outlawed all others.
The Kuala Lumpur-based stock exchange is reportedly interested in a blockchain-powered platform involving the securities borrowing and lending market.
Malaysia is seeking public feedback with regards to regulating initial coin offerings (ICOs) and property crowdfunding.
Malaysia may not be clear where it stands on cryptocurrencies, but the country’s securities watchdogs now have the power to regulate certain digital assets and crypto exchanges.
The Malaysian government is still uncertain whether to make cryptocurrencies a legal entity or not. The matter is still under consideration.
Telenor, a global telecommunication giant, announced through its Pakistani subsidiary the launch of a blockchain powered cross border remittance service to Malaysia.