Category: Malaysia

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Malaysia Central Bank to ”Let Public Decide” Crypto’s Fate

Malaysia’s central bank, Bank Negara, is set to release a “concept paper,” calling for the public to decide the fate of cryptocurrencies in the country, according to a recent report. Bank Negara governor Muhammad Ibrahim is said to...

Malaysian Taxman Gives Luno the Cold Shoulder

Tax authorities in Malaysia have indefinitely frozen Luno’s local account used in the country, BitX Malaysia, while they investigate possible tax concerns. London-based cryptocurrency exchange, Luno, has had its Malaysian account frozen pending an investigation by the country’s...

Luno Exchange Bank Account Frozen by Malaysian Tax Officials

Over the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank...

Bitcoin Becomes A Trendy Way to Buy New Homes

While some people still feel hesitant to accept cryptocurrencies, we see an increasing trend in the real estate markets. Over the last few months the number of sales of houses and land properties conducted in bitcoin have risen...

Malaysia Issues Cease and Desist Order to Copycash ICO

The Malaysian financial regulator has issued an order to the team behind an Initial Coin Offering (ICO) to halt any operations in the country. This is just another example of how authorities in different regions are trying to...

Malaysia Remains Open to Crypto Trading

With the majority of Asian nations attempting to regulate cryptocurrency exchanges, the number of those declining to clamp down is dwindling. Malaysia is among those nations that are currently free from regulatory laws and are not imposing a...