Blockchain/Bitcoin

SC Finally Reveals its Anticipated Regulations for Crypto Exchanges

January has been no picnic for Malaysia’s crypto-exchanges, with the possibility of RM10 Million fine and 10 years jail time looming over them ever since the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 was

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Malaysia’s Blockchain Industry Responds to SC’s Stance On Crypto

They say it’s always darkest before the dawn. That is just an enigmatic way to say that industry confusion is to be expected in the interim of the Securities Commission’s (SC) reveal of cryptocurrency regulations—at least for those that fall under

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SC Malaysia Clarifies: A Crypto-Asset is Only A Security if Used in Specific Ways

Due to confusion that has come out regarding cryptocurrency within the past few weeks, the Securities Commission Malaysia has invited Fintech News Malaysia over to clarify on certain positions it holds regarding digital assets. One of the biggest revelations is

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SC Imposes Deadline For Crypto Exchanges Before They are Deemed Illegal

The issue of digital currency and assets regulation came into mainstream focus when Finance Minister Lim Guan Eng announced that Order 2019 will activate starting from the 15th January 2019. Soon after, the Securities Commission (SC) issued their own statement about the

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SC Provides Update on LGE’s Digital Currencies and Tokens Announcement

Following the statement by the Minister of Finance YB Lim Guan Eng on the coming into force of the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, the Securities Commission Malaysia (SC) clarified that

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LGE: RM10 Mil Fine & 10-Year Jail Time for Crypto-Exchanges Operating Without License

Finance Minister Lim Guan Eng announced that Order 2019 would be effective starting from Tuesday (15th January 2019). This means that anyone caught operating unauthorised initial coin offerings (ICOs) or digital asset exchanges face a 10-year jail sentence and an

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After Horse Currency, Now Country Heights’ New Project Is the Unicorn Wallet for Crypto

Following the announcement of Dato’ Lee Kim Yew’s Horse Currency meant to serve as something of a rewards programme for Country Height’s various properties, the tycoon returns to fintech headlines with a related venture—a crypto-wallet. Named the Unicorn Wallet, Lee Kim

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Alipay Powers Blockchain Remittance Service Between Malaysia and Pakistan

Telenor Microfinance Bank, in partnership with Valyou Malaysia, has introduced a blockchain-based cross-border remittance service, developed by Alipay, the online payment platform operated by Ant Financial. The blockchain remittance service is provided by Telenor’s Easypaisa and Valyou, a financial technology

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Securities Commission and Bank Negara Working to Bring ICOs Under Securities Law

To implement the regulatory framework on digital assets—be it tokens or cryptocurrency—the Bank Negara (BNM) and the Securities Commission Malaysia (SC) will enter into coordination arrangements to ensure compliance with laws and regulations under the purview of both regulators. The SC

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6 Crucial Things You Should Know About Country Heights’ Coming ICO

Earlier this month, Country Heights received the green light from their investors to pursue an ICO, which for now is tentatively named the Horse Coin. This cryptocurrency—if launched—will mainly be a utility or reward token, and be backed by actual

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