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As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes. Circumstances vary, but the real … Read more
14 men have been arrested for targeting Chinese investors through a Bitcoin investment scam operated from Malaysia Go to Source Powered by WPeMatico
Malaysia’s Securities Commission has given full approval to a cryptocurrency exchange operator to legally operate in the country despite the nationwide lockdown due to the coronavirus pandemic. Recently, Japan also approved a new cryptocurrency exchange as the country continues to fight the covid-19 outbreak. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions … Read more
Malaysia-based crypto trading platform Tokenize Xchange is now legally approved to operate in the country Go to Source Powered by WPeMatico
The Malaysian Palm Oil Council has introduced a blockchain-based app that enables users to track palm oil-related information throughout the supply chain Go to Source Powered by WPeMatico
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines … Read more
The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations of approved platforms as well as the requirements token issuers must meet. Also … Read more
Malaysia to restrict token offerings to exchanges the day after the US SEC warns against exchange offerings Go to Source Powered by WPeMatico
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, … Read more
Malaysia supports President of Iran’s idea of creating a Muslim cryptocurrency as a means to confront the economic dominance of the U.S. Go to Source Powered by WPeMatico
