Thursday, November 21, 2019
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HSBC Enacts First Letter of Credit on a Blockchain in Malaysia

Major bank HSBC has announced the successful enactment of a letter of credit (LC) on a blockchain in Malaysia.The transactionEnglish language local fintech news outlet Fintech News Malaysia reported the development on Oct. 14, noting that the transaction involved packaging firm Simply Packaging importing resin from an unspecified Singaporean

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Malaysia Loses $25 Million due to Electricity Theft from Bitcoin Miners

Malaysia’s power utility company is now targeting Bitcoin miners who have been stealing electricity to power their mining activity.Tenaga Nasional Berhad, the Malaysian electricity company, has begun making specific moves to increase security measures, aimed at reducing the chance of power theft perpetrated by Bitcoin miners. The company, as at

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Malaysia Orders Unregistered Crypto Exchanges to Shutter, Refund Users

Malaysia’s capital markets regulator has warned all unregistered crypto exchanges doing business in the country to end operations and give back investor funds.In a press release, Securities Commission Malaysia indicated that only three digital asset exchanges were registered in the country. The three are Luno Malaysia, Sinegy Technologies and Tokenize

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Malaysia Launches Work Visa Program for Blockchain Tech Professionals

Malaysia has launched a work visa program targeting tech freelancers that addresses a demand for blockchain capable talens, local news outlet the Star reported on June 18.The Malaysia Digital Economy Corporation (MDEC) — a government-owned organization that oversees the tech sector — blockchain organization Nem Foundation and job marketplace

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Domino’s Pizza Malaysia & Singapore to Integrate DLT-Based AI for Logistics

The Singapore and Malaysia division of Domino's Pizza has partnered with SingularityNET to implement its blockchain-powered artificial intelligence (AI) technology, the Domino’s division confirmed to Cointelegraph on May 2.Within the new partnership, SingularityNET will incorporate AI algorithms and solutions in Domino’s operations to improve its supply chain processes and

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Chinese Government Supports Development of ‘Blockchain City’ in Malaysia

The Chinese government is purportedly supporting the construction of a "blockchain  city" in the critical shipping lane of the Malaysian Malacca Strait. The development was announced in a press release shared with Cointelegraph on April 26.Construction and engineering company China Wuyi and investment network SWT International Sdn Bhd have

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Malaysia Develops Harsh Regulation Alongside With Positives Attitudes Toward Crypto

Cryptocurrency exchanges and blockchain-based companies in Malaysia face some testing times following regulatory changes in the country. As of Tuesday, Jan. 15, new regulations governing cryptocurrencies have come into effect in Malaysia.According to reports, the new regulation has classified cryptocurrencies, tokens and crypto assets as securities, which means they are

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