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Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities. Local reporting from The Star indicates that since 2020, this theft has significantly…
BTC
Bitcoin
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Cryptocurrency exchange Hata.io has raised $4.2 million in seed funding to expand its crypto offerings and user base across the Asia Pacific region. Malaysian crypto exchange Hata has secured $4.2 million in a seed funding round led by Castle Island…
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Malaysian authorities have taken down a major cryptocurrency scam scheme targeting Japanese nationals. According to local reports, the Royal Malaysia Police, also known as PDRM, arrested 21 individuals in connection with the fraud during coordinated raids on two high-end properties…
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Sam Altman’s crypto venture Worldcoin has signed a deal with Malaysia’s research arm to integrate its technology into the country’s digital infrastructure. The Worldcoin Foundation, Tools for Humanity, and MyEG have signed a memorandum of understanding with MIMOS Berhad, the…
WLD
Worldcoin
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Four suspects remain at large in a Malaysian kidnapping case where $1.2 million in cryptocurrency was paid as ransom, with police already arresting 14 others. Police in Malaysia are on the hunt for four people suspected to have taken part…
USDT
Tether
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Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, lost RM3.4 billion (over…
BTC
Bitcoin
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The Inland Revenue Board (IRB) of Malaysia has initiated a special operation named "Ops Token" to tackle crypto tax evasion and enhance overall tax administration in the country.
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A Malaysian man, aged 42, has become the latest victim of a cryptocurrency scam, losing nearly RM1 million (approximately $212,000) of his savings. According to Johor Baru South Police assistant commissioner Raub Selama, the victim, who has not been named,…
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The Malaysian Securities Exchange (SC) has hammered down crypto exchange Huobi for allegedly failing to register correctly. Huobi has been urged to cease operations in the region entirely. Having put the Huobi crypto exchange on its “Investor Alert List” since…
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Zetrix, has signed a partnership with state-owned tech enterprise MIMOS Technology Solutions to develop and manage Malaysian Blockchain Infrastructure (MBI).
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The Securities Commission of Malaysia has placed cryptocurrency exchange Huobi Global on its investor alert list for running a digital asset exchange (DAX) in the nation without official registration from local regulators. SC Malaysia Add Huobi to Investor Alert List…
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Binance, the world’s largest cryptocurrency exchange by market capitalization, revealed that it would work with local exchanges in Malaysia to accelerate adoption in the country. Crypto Regulation Necessary for the Industry According to New Straits Times, Binance CEO Changpeng “CZ”…
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Malaysia has finally responded to the question of making cryptocurrencies legal tender. The Malaysian Deputy Finance Minister said today in parliament that the country has no intention of recognizing cryptocurrencies as a legal tender.
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Malaysia’s Communications and Multimedia Ministry has urged the government to legalize non-fungible tokens (NFTs) and adopt bitcoin (BTC) and other cryptocurrencies as legal tender, to make life easier for the country’s youths, according to reports on March 21, 2022. Malaysia’s…
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The Malaysian central bank is the latest to assess the potential benefits of a central bank digital currency (CBDC), Bloomberg reports, January 17, 2022. Malaysian Central Bank Exploring the Need for CBDC In a recent development, Bank Negara Malaysia, the…
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The first bitcoin fund in the Southeast Asian region, the BCMG Genesis Bitcoin Fund, otherwise known as BGBF-1, recently launched to cater to accredited institutional investors. Bitcoin Fund for Asian Institutional Investors According to a press release on Monday (Mar.…
