advertisement The Malaysian Communications and Multimedia Ministry said it hopes the government will bring cryptocurrencies into a more formal legal framework, in order to encourage their use. “We hop...
Tag: Malaysian
Malaysian Ministry Proposes Legalizing NFTs to Boost Participation in Crypto Sector – Regulation Bitcoin News
Malaysia’s communications ministry has proposed legalizing non-fungible tokens (NFTs) to increase the participation of young people in the cryptocurrency space. The crypto sector is under the purview ...
Malaysian Ministry to Petition Government to Regulate Cryptos
Deputy minister of Communications and Multimedia disclosed that the ministry is exploring possibilities and measures to safely improve the participation of young people in the industry. The popularit...
Malaysian Ministry Says Bitcoin Is the Future of Finance, Calls for Legalization
The country’s deputy minister of communications and multimedia believes that crypto is the “future of finance.” Malaysia’s Ministry of Communication and Multimedia, through its deputy, Datuk Zahidi Za...
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. Deputy commun...
Malaysian Tycoon Tony Fernandes’ AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions
Malaysia’s long-haul budget airline AirAsia X Airbus A340 jetliner is greeted with jets of water … [+] upon its landing at the end of the AirAsia X first flight Kuala-Lumpur -Paris at Pari...
The Conflict Between Malaysian Utility Companies And BTC Miners
Malaysian utility companies are pushing back against Bitcoin mining operations over claims of electricity theft. Tariff Proposed To Curb Electricity Loss A utility company in Malaysia wants a special ...
Malaysian Billionaire’s Casino Company Halts Russian Project ‘Indefinitely’
Chen Lip Keong at the IPO press conference for NagaCorp in Hong Kong. South China Morning Post via Getty Images NagaCorp, a Hong Kong-listed company controlled by Malaysia’s Chen Lip Keong, has pulled...
Malaysian Police Shut Down 3 Crypto Mining Operators Over Alleged Electricity Theft
With electricity theft becoming more common in Malaysia for cryptocurrency mining, the Malaysian police shut down three cryptocurrency mining operations in Klang on Thursday. In a joint operation with...
Binance Returns To Malaysian Market Following Investment In MX Global
The world’s largest cryptocurrency exchange Binance has found its way back into the Malaysian market following an equity investment into MX Global, a fintech company based in Kuala Lumpur. MX Global w...
Binance Exchange Makes Strategic Venture Investment in Malaysian MX Global
Malaysian-based fintech and trading platform MX Global has announced the onboarding of Binance exchange- the world’s biggest cryptocurrency trading platform in terms of transaction volume, as a strate...
Billionaire Kwek Leng Beng’s City Developments Ramps Up Singapore Projects As Home Sales Hit Record
Billionaire Kwek Leng Beng, chairman of City Developments, speaks during a news conference in … [+] Singapore, on August 11, 2017. Nicky Loh/Bloomberg City Developments—controlled by billionaire...
Billionaire Lim Kok Thay’s Genting Singapore Spending $300 Million To Revamp Casino Resort, Theme Park
Lim Kok Thay reacts during a Bloomberg Television interview in Singapore on December 14, 2018. Nicky Loh/Bloomberg Genting Singapore—controlled by Malaysian billionaire Lim Kok Thay—is investing S$400...
Malaysian Tycoon Tony Fernandes’ AirAsia To Launch Air Taxi Service Across Southeast Asia By 2025
Tony Fernandes, CEO of AirAsia Group, reacts as he speaks during the Rise conference in Hong Kong, … [+] China, on July 9, 2019. Anthony Kwan/Bloomberg AirAsia Group—controlled by Malaysian tyco...
Malaysian Tycoon Francis Yeoh’s YTL Power Sells Stake In Australian Electric Utility For $717 Million
Francis Yeoh, executive chairman of YTL Corp., in his office in Kuala Lumpur, Malaysia, on March 27, … [+] 2012. Goh Seng Chong/Bloomberg YTL Power International—controlled by Malaysian tycoon F...
Tycoon Tony Fernandes’ AirAsia Renamed ‘Capital A’ As Loss-Making Airline Pivots To Digital Businesses
Capital A Chief Executive Tony Fernandes delivers a speech during an event announcing the change in … [+] the group holding company’s name from AirAsia Group in Kuala Lumpur on January 28,...
Billionaire Lim Kok Thay’s Genting HK May File For Liquidation After Court Rejects Funding Request
The Genting Dream cruise ship operated by Genting Hong Kong at the Marina Bay Cruise Center in … [+] Singapore, on December 14, 2018. NICKY LOH/BLOOMBERG © 2021 Bloomberg Finance LP Genting Hong...
Malaysian Central Bank “Actively Assessing” CBDC
Key Takeaways The Central Bank of Malaysia has written to Bloomberg that it is “actively assessing” the pros and cons of a central bank digital currency. The Bank has focused on boosting both its tech...
Malaysian Converts Selfies Into NFTs, Becomes Millionaire In Just 5 Days
NFTs are a vital component of the crypto market and are used for diverse purposes. The concept of turning selfies into NFTs is a rare idea. A 22-year-old Malaysian Resident, Ghonjali, took selfies for...
German Cruise Ship Builder Owned By Malaysian Billionaire Lim Kok Thay’s Genting Files For Bankruptcy
The Genting Dream cruise ship operated by Genting Hong Kong at the Marina Bay Cruise Center in … [+] Singapore, on December 14, 2018. Nicky Loh/Bloomberg MV Werften—the German cruise ship builde...
Malaysian Unicorn Carsome Raises $290 Million To Fund Southeast Asia Expansion Plans
Eric Cheng, cofounder and CEO of Carsome. Carsome Carsome, Malaysia’s first tech unicorn startup, raised $290 million in a Series E funding round, valuing the used-car online marketplace at $1.7 billi...
Malaysian Police Arrest Man for Bitcoin Mining Using Stolen Electricity
While mining activity has increased in Malaysia, the amount of stolen electricity used is growing in alarming proportion, compelling authorities to take action. Malaysian authorities arrested a 28-yea...