Malaysia

Crypto’s rising popularity in Malaysia

• SoyaCincau: SC gives Bitcoin Cash the green light… – April 2021
  Securities Commission (SC) has provisionally approved Bitcoin Cash (BCH) as a digital asset in Malaysia. This means Malaysians will soon be able to buy or sell BCH on authorised cryptocurrency platforms. It also brings the total authorised crypto tokens to 5 which include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC)
  
  
• Fintechnews: Malaysian Founded Crypto Social Media Platform Torum Raises US$ 1.45 Mil – April 2021
  a social media platform specially designed for cryptocurrency users, announced that it had secured US$ 1.45 million during a private funding round. Launched on the 1st of July 2020, Torum emphasises gamification elements and token utility to bring the best crypto social experience to the space.
  
  
• Cointelegraph: Malaysia issues revised digital asset guidelines… – October 2020
  These are intended to regulate initial exchange offerings, or IEOs, and digital asset custodians.
  
  
• Cointelegraph: Malaysian Shariah Advisory Council praises crypto… – October 2020
  Religious scholars in Malaysia say crypto is looking bullish as an investment.
  
  
• Cointelegraph: Malaysian billionaire steps down to pursue Horse Currency… – September 2020
  The founder of Malaysian investment giant Country Heights Holdings is stepping down from his position to focus on issuing a cryptocurrency.
  
  
• Bitcoin.com: Malaysia begins approving crypto exchange registrations… – June 2019
  The first three crypto trading platform operators have been conditionally approved and given 9 months to comply with registration requirements.