Cryptocurrency Analysis and News Portal
The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months.Hata will become the fifth regulated digital asset exchange in
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China’s state blockchain infrastructure Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) has signed an agreement with Malaysian digital service provider MY E.G. Services Berhad (MyEG) to own and operate an “international supernode,” as China continues its international blockchain push.See related article: Blockchain without cryptocurrencies: How might China’s BSN change Web3?Fast
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Chinese technology company Ant Group, the developer of Alipay, one of China's largest digital-payment platforms, is working with Kenanga Investment Bank on Malaysia's first "SuperApp," which will include crypto trading, e-wallets and portfolio management. Source
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The Securities Commission (SC) of Malaysia issued a statement on Monday regarding Huobi's operations in the country. According to the statement, the crypto exchange is now on the SC’s Investor Alert List. Malaysian financial regulators say Huobi has been operating a digital asset exchange in the country without official registration with
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An official at the Ministry of Finance of Malaysia reportedly opposed the idea of adopting cryptocurrencies like Bitcoin (BTC) as a payment method following recent crypto-friendly proposals by the deputy communications minister.Malaysia has no plans to recognize BTC as legal tender, deputy finance minister Mohd Shahar Abdullah said in a
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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 communications and multimedia minister Datuk Zahidi Zainul Abidin has urged Malaysia’s regulators to legalize certain use cases of cryptocurrencies and nonfungible tokens (NFT), local news
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Police seized 1,746 bitcoin mining machines across 21 premises in raids this week. Original Source
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Huobi Labuan said it's been licensed in Malaysia for a nine-month trial period of cryptocurrency spot and derivatives trading services. Source
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In a landmark announcement, Securities Commission Malaysia’s Shariah Advisory Council declared that digital assets trading was permissible.The Malaysian Shariah Advisory Council is the authority that oversees the implementation of Islamic laws in the operation of Islamic Financial Institutions.Securities Commission chairman Datuk Syed Zaid Albar made the announcement during an online
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[sociallocker id="55298"] Malaysian digital asset trading platform Tokenize Xchange announced that it will be deploying cryptocurrency market surveillance tools developed by the New York-based Solidus Labs. The firm says this will help the exchange achieve Wall Street-grade market surveillance standards.The solutions provided by Solidus Labs will use machine learning to read
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