Malaysia has indicated that the country’s central bank has the last word regarding the introduction of new cryptocurrencies. According to the Minister of Finance, Lim Guan Eng, the country’s central bank Bank Negara Malaysia (BNM), will have to be consulted regarding cryptocurrency projects as the final decision rests with the apex bank. Continue reading Malaysia Central Bank has Final Say on Cryptocurrency Issuance
Tag Archives: Malaysia
Malaysia Launches Blockchain Certificate Verification to Combat Degree Fraud
The Malaysian Ministry of Education is turning to blockchain technology to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country. Continue reading Malaysia Launches Blockchain Certificate Verification to Combat Degree Fraud
Malaysia is Directing Its Three Largest Industries to Blockchain Technology
The Malaysian government is seeking to explore blockchain solutions in the nation’s three largest industries: renewable energy, palm oil, and Islamic finance. Continue reading Malaysia is Directing Its Three Largest Industries to Blockchain Technology
AirAsia Planning Cryptocurrency-Based Rewards Program
Malaysian low-cost airline AirAsia is launching a cryptocurrency-based rewards program. AirAsia chief executive Tony Fernandes told Nikkei Asian Review that its frequent-flyer rewards program is being converted into a cryptocurrency platform called BigCoin. The move is part of a broader effort to improve the airline’s digital services and move the company toward a cashless system. Continue reading AirAsia Planning Cryptocurrency-Based Rewards Program
Malaysia’s Central Bank Rebukes ICO For Unauthorized Use Of Its Logo
The Central Bank of Malaysia (BNM) officially stated that they do not endorse crypto platform Coinzer and its unlicensed logo design on March 11. According to BNM’s press release, Coinzer used the unauthorized images of the BNM logo and the Malaysian coat of arms on the physical design proposition for the coin, its white paper, and its website. BNM adds that crypto investments are risky and are not considered legal tender in Malaysia. Continue reading Malaysia’s Central Bank Rebukes ICO For Unauthorized Use Of Its Logo