Blockchain/Bitcoin

Binance and CZ Faces Enforcement Action from SC For Illegal Crypto Activities in Malaysia

The Securities Commission Malaysia (SC) today announced enforcement actions against Binance for illegally operating a crypto exchange in Malaysia. The regulator ordered Binance to immediately disable access to its website and app within 14 days from 26th July 2021, immediately

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BNM to Prioritise Pilot Projects for Digital Currencies in 2021-2022

Malaysia’s central bank will be running a proof-of-concept (PoC) project to gauge the merits of a central bank digital currency (CBDC) with an initial focus on wholesale CBDCs, Suhaimi Ali, Director of Financial Development and Innovation at Bank Negara Malaysia

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How CoinGecko Grew from a Side Project to Serving 10 Million Users

Malaysian startup CoinGecko started out as a side project back in 2014 but has since grown into one of the biggest crypto data providers in the world, boasting 10 million users and 200 million page views monthly. The startup is

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Luno Offers Bitcoin Cash for Trading Following Approval From the SC

Luno announced that it is the first digital asset exchange in Malaysia to be approved by the Securities Commission Malaysia to offer Bitcoin Cash (BCH) for trading on its platform. Chin Wei Min, Executive Director for Digital Strategy and Innovation

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Malaysian Founded Crypto Social Media Platform Torum Raises US$ 1.45 Million

Torum, a social media platform specially designed for cryptocurrency users, announced that it had secured US$ 1.45 million during a private funding round. Launched on the 1st of July 2020, Torum emphasises gamification elements and token utility to bring the

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CoinGecko Launches “NFT Spotlight” to Highlight Crypto Artists

CoinGecko, the world’s leading independent data aggregator hailing from Malaysia, is now on a mission to promote art appreciation and help artists connect with more audiences through the launch of NFT Spotlight. Prior to this, CoinGecko launched “NFT of the

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Luno Reports RM 1 Billion in Digital Assets Under Custody as Bitcoin Prices Skyrocket

Luno, a digital asset exchange in Malaysia approved by the Securities Commission, announced that the company is now managing more than RM 1 billion of digital assets less than two years since the company relaunched in Malaysia in 2019. Luno’s

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Securities Commission Seeks to Block Access to Remitano for Illegally Offering Crypto Services

The Securities Commission Malaysia today issued a statement today saying that they have reprimanded Remitano for operating a digital asset exchange in Malaysia without authorisation from the SC. The SC said that it views this transgression as serious and is

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Bank Negara Malaysia to Evaluate Merits of Digital Currencies Through POCs

Central bank-backed digital currencies (CBDCs) are rapidly on the rise, with 86% of central banks around the world researching the potential of CBDCs, 60% experimenting with the technology and 14% piloting the technology. CBDC is the digital form of fiat

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Kenanga Dips Its Toe in Crypto With Tokenize Xchange Stake Acquisition

Kenanga Investment Bank Berhad (KIB) via its wholly-owned private equity arm, Kenanga Private Equity Sdn Bhd, has entered into a conditional agreement to acquire 19% equity interest in Tokenize Technology (M) Sdn Bhd, a digital asset exchange that allows trading

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