
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.”
The Securities Commission of Malaysia said industry feedback would “complement the existing frameworks for Digital Asset Exchange and Initial Exchange Offering.”
The Malaysia Securities Commission has stated that Binance is “operating a recognized market without authorization from the SC”.
Firms operating digital currency ATMs are technically operating digital asset exchanges, which need to be authorized by the regulator.
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.
The new regulations should help keep entities honest as they try to raise funds for their projects.
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.
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.
A Malaysia electricity utility raided mining operators for using unmetered connections to the grid.
Malaysia has asked exchanges to meet some common sense rules, but only three did.
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.