The central bank of Malaysia has planned to roll out three actions in 2026 that comprise local currency stablecoins and tokenised deposits. The February 11 announcement noted that the Bank Negara Malaysia (BNM) revealed the Digital Asset Innovation Hub (DAIH) is taking three projects onboard for this year. The projects
Dubai-based fintech company Fasset has acquired regulatory clearance from Malaysia’s Labuan Financial Services Authority to establish a digital banking service combining Islamic finance principles with the help of stablecoins. The provisional license allows the financial technology company to work within a controlled regulatory environment while developing Shariah-compliant products for underserved
Malaysia’s been hit hard with RM3.4 billion gone, which comes out to around USD 723 million, all because of power being stolen for illegal crypto mining. That’s Ringgit Malaysia, the country’s own currency, just draining away while rogue miners run their setups off the grid and don’t pay a single
In a recent development, the regulatory authority in Malaysia has decided to shut down Huobi Global, a well-known cryptocurrency exchange. The move comes in response to the exchange’s unregistered status. And its implications have sent shockwaves throughout the crypto community, leaving Malaysian traders in a state of uncertainty. The regulatory
Zetrix introduced its Zetrix TradeFi decentralized platform for funding supply chains. The private and public sectors in Malaysia may be brought into the Web 3.0 era. According to a press release from MYEG’s Zetrix Blockchain, Malaysia will soon begin development on its own national public blockchain. There was an MOU
Kenanga Investment Bank Berhad and China’s Ant Group have agreed to collaborate. This collaboration will allow Kenanga to use mPaaS, a mobile development network. Recent years have seen a meteoric rise in the use of cryptocurrencies. Malaysia is now in the process of developing a super app that incorporates cryptocurrency
Several governmental institutions are collaborating with Tenaga to catch illicit miners. Experts also recommend smart meters and meter data management systems. The power utility company in Malaysia is suggesting new ways to combat the issue of escalating energy theft cases for Bitcoin mining in the nation. Bloomberg reports that Tenaga
There is a rapidly expanding issue of power theft in Malaysia for bitcoin mining. On the other hand, National utility has a few suggestions on how to rein in the trend. Special tariff is a method to combat the illegal use of power that Tenaga Nasional’s chief executive indicated was
Binance re-enters Malaysia. Partners together with MX Global strategically. Both aim in expanding their business throughout Malaysia efficaciously. Seems whatever the founder and CEO of Binance, Changpeng Zhao termed up previously through open statements are indeed true. It’s all a well-known story that the world’s largest crypto trading platform in
Malaysian Police capture 400 Bitcoin Mining machines. The authorities carried out four raids on Friday. The criminals stole electricity for operations of Bitcoin Mining. The Malaysian Police have arrested four criminals in the raid on seven shophouses in George Town, the city of Penang state. Also captures over 400 bitcoin
