Malaysia Financial News
21.03 / 15:53
cryptocurrency
Adoption
Central Bank
Malaysian Ministry Suggests Making Crypto Legal Tender To Promote It Among Youth
In a bid to enhance the financial inclusion of young people, the Malaysian Ministry of Communications and Multimedia has proposed to the country’s authorities to designate cryptoassets as Malaysia’s legal tender.
21.03 / 14:13
Digital
Stocks market
RIG
Bitcoin
Malaysia: Is there any truth to possible pivot towards crypto-legalization
Here’s a riddle for you – Name a country that has come down hard on Bitcoin mining, literally speaking. If you vaguely remember a certain Southeast Asian country driving a roller over thousands of pieces of crypto-mining hardware, you’re on the right track.
21.03 / 11:37
Government
regulation
Bitcoin
Malaysian comms official calls the state to legalize crypto and NFTs
The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto.
10.03 / 17:01
crypto market
csk
Crypto Investors
Eco-friendly cryptos to watch out for this year
There are already many other cryptos that are eco-friendly, though, so environmentally aware investors can take heart. Popular Crypto exchange platforms such as CoinSwitch make buying such coins easy, so all you have to do now is to begin to look for them.Why many cryptos are not eco-friendlyAccording to the Digiconomist’s Bitcoin Energy Consumption Index, mining bitcoins consumes more energy per year than countries like Malaysia or Sweden, with a single Bitcoin transaction requiring 1,544 kWh. And Bitcoin has a total of 21 million coins, 90% of which are already in circulation. So, if a single digital currency can consume so much energy, just imagine how much the crypto sector consumes in a year!
07.03 / 20:31
Blockchain
Ethereum
Binance
Bitcoin
FTX Europe, Binance's Crypto Payments, Dogecoin's Trademark + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
03.03 / 11:37
Cooper
Ex-Goldman banker has testimony challenged at 1MDB trial
The defense team for a former Goldman Sachs banker facing charges in the looting of a Malaysian sovereign-wealth fund sought to undermine the testimony of the prosecution’s star witness during trial proceedings 2 March, arguing that the witness made inconsistent statements to federal investigators.
02.03 / 16:17
business
Binance
Asia
stake
Binance back in Malaysia via a strategic stake in regulated digital exchange
Binance, the world’s leading crypto exchange by trading volume is returning to the Malaysian markets with a strategic stake in the country’s regulated digital asset trading platfrom MX Global.
18.02 / 10:35
Ex-Goldman Sachs partner spells out scheme to bribe officials at 1MDB trial
A former Goldman Sachs partner testified on 16 February that he was so driven to win business for the Wall Street bank that he conspired to bribe government officials and launder billions of dollars.
17.02 / 18:55
Binance
regulation
Middle east
regulatory
Binance stopped 'all activities focused on Israel' following regulatory request: Report
Major crypto exchange Binance has reportedly halted activities and marketing to Israelis following a request from one of the country’s financial regulators over licensing.
17.02 / 10:17
Ex-Goldman Sachs partner spells out scheme to bribe officials at 1MDB trial
A former Goldman Sachs partner testified on 16 February that he was so driven to win business for the Wall Street bank that he conspired to bribe government officials and launder billions of dollars.
16.02 / 10:07
Lowe's
Lawyers
Lawyers paint contrasting picture of ex-Goldman banker on first day of 1MDB fraud trial
A federal prosecutor and a criminal defence attorney presented contrasting portraits of a former Goldman Sachs Group managing director who went on trial on 14 February on charges related to the multibillion-dollar looting of a Malaysian government fund.
15.02 / 11:45
Lowe's
Lawyers
Lawyers paint contrasting picture of ex-Goldman banker on first day of 1MDB fraud trial
A federal prosecutor and a criminal defense attorney presented contrasting portraits of a former Goldman Sachs Group managing director who went on trial on 14 February on charges related to the multibillion-dollar looting of a Malaysian government fund.
14.02 / 16:31
Trial set to start for Ex-Goldman banker over 1MDB fraud
A former Goldman Sachs Group managing director is set to go on trial 0n 14 February on charges related to the multibillion-dollar looting of a Malaysian government fund, bringing renewed scrutiny to the Wall Street institution’s role in the international scandal.
07.02 / 20:47
21.01 / 16:27
Digital
Platform
Fighting
RIG
expansion
Thai exchange Bitkub looking for markets without ‘clear winner’ for crypto expansion
When large crypto exchanges or trading companies make a move towards other regions, it can signal their belief in engaged future users who will boost both crypto adoption and the company’ own performance in these places. To that end, one Thailand-based crypto exchange has its eye on a very specific set of nations.
19.01 / 02:19
18.01 / 04:51
Blockchain
CBDC
Adoption
Central Bank
Malaysia’s Central Bank actively assessing CBDC options
Malaysia has joined the growing cadre of nations that are exploring the value of researching and developing a central bank digital currency (CBDC).
14.01 / 10:31
UPS
Citi
Citigroup
Citi reduces consumer bank operations in Asia to free up resources for wealth push
Citigroup Inc. agreed to sell its consumer-banking franchises in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank, advancing its strategy to exit most of its retail operations in Asia and free up resources to deploy in wealth management.
22.12 / 18:19
Downing
MH17: Life sentences demanded for quartet accused of downing passenger jet over eastern Ukraine
Dutch prosecutors on Wednesday demanded life sentences for four suspects in the downing of Malaysia Airlines flight MH17 over eastern Ukraine in 2014, saying they caused “deep and irreversible suffering” to relatives of the 298 people killed.
06.11 / 00:49
business
Blockchain
Ethereum
Adoption
Polygon Blockchain
Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain
Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting and governance rights. Both the initial tokenization and token migration were facilitated by Tokeny, an asset tokenization and compliance infrastructure provider.
03.11 / 00:45
Government
regulation
Asia
Bitcoin
Crypto miners
Laotian govt budget expected to gain $194M from crypto miners by 2022
The Laos government’s pilot project to explore cryptocurrency mining and trading is expected to bring in roughly $194 million towards the country’s total domestic revenue projected for 2022.
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