Not entirely , the financial minister just released a statement regarding the cryptocurrencies saying how their adoption rates , both globally and locally remains low .
Bitcoins is still not recognized a legal tender in Malaysia , the central bank is not dealing with it but at the same time people are actively buying and selling Bitcoins these and Making websites and writing about it.
Right now , I cannot say that they are crypto friendly , but I do think the situation is not as bad as other nations where cryptocurrencies are fully banned .
Topic: Is Malaysia crypto friendly - page 2. (Read 911 times)
My country have make bitcoin become friendly with legal and available make bitcoin our comudity and invetsment assets, governmnet have allowed using bitcoin and altcoin as investment assets and could save for long time.
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Crypto currencies in Asia are very open, Singapore, Indonesia, Japan, Thailand, Vietnam, South Korea and China strongly support crypto currencies, many crypto projects that were born from Asian countries, but many also ended sadly
I believe that one can answer this question, hello, for example, the fact that the law on financial markets and payment service providers entered into legal force on January 15 in Malaysia. As the text of this law says, all cryptocurrencies received the status of securities. Based on this, all the activities of cryptocurrency users in Malaysia, as well as the entire circulation of cryptocurrencies will be regulated in accordance with the requirements of the Securities Commission.
Hi there,
I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
Malaysia still can not enter in cryptocurrencies business, on the other things in Malaysia crypto position is not cleared, government still can not decided it's legal or illegal that means gray area. In that situation this not crypto friendly country. If even Malaysia is not a illegal staffs, they can adopt cryptocurrency very soon. I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
snip..
Crypto currencies in Asia are very open, Singapore, Indonesia, Japan, Thailand, Vietnam, South Korea and China strongly support crypto currencies, many crypto projects that were born from Asian countries, but many also ended sadlyWhen it comes to the crypto friendly status, according to
- https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
Indeed. Most countries in Asia are not yet crypto friendly that their governments are still not aware about cryptocurrency. Here in the Philippines we have our own crypto wallet that we can use it for paying bills and buying prepaid loads, but our government still does not recognized bitcoin as a legal currency.- https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
When it comes to the crypto friendly status, according to
- https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
Indeed. Most countries in Asia are not yet crypto friendly that their governments are still not aware about cryptocurrency. Here in the Philippines we have our own crypto wallet that we can use it for paying bills and buying prepaid loads, but our government still does not recognized bitcoin as a legal currency.- https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
I believe Malaysia is crypto friendly, on the other hand it hasn't revealed any statement relative to cryptocurrency activities within the country. This means we can take it in the positive way as well as can think much in the opposite way. Malaysia is listed to be technically advanced country for its cities infrastructure. Upon the same they'll also keep themselves strong over the technology based development which is the need for the present time period growth.
well some time ago I think I have seen ICO originating from Malaysia and now the ICO has no further development and can be said as a scam, I'm still not sure that Malaysia can be friends, for finance like that I suggest you should be able to be more be careful no matter what country it is.
Talking about crypto friendly, the acceptance of cryptocurrency in Malaysia is quite low due to the adoption of blockchain in most part of the country, proposing a new market for the malaysia blockchain sector is actually going to be a good idea once all regulation are meant and I believe this will be another good impact in the global acceptance phase.
I believe Malaysia is crypto friendly, on the other hand it hasn't revealed any statement relative to cryptocurrency activities within the country. This means we can take it in the positive way as well as can think much in the opposite way. Malaysia is listed to be technically advanced country for its cities infrastructure. Upon the same they'll also keep themselves strong over the technology based development which is the need for the present time period growth.
I wouldn't boldly say that they are friendly 10)%, but they certainly aren't hostile towards bitcoin so I guess you can say that they are just neutral and on process of developing crypto-regulations better suited for the types of possible applications of cryptocurrencies within their country. Though not fairly known for remarkable tech-industries and/or other things relating to disruptive fintech, Malaysia has always been open for adoption of new things especially if they can see that it will be of benefit to their country.
As for a crypto-related business though, that would be a winding road, but still possible knowing that there had been services that sell airtime to people using bitcoins though I forgot the name of that service based in Malaysia.
As for a crypto-related business though, that would be a winding road, but still possible knowing that there had been services that sell airtime to people using bitcoins though I forgot the name of that service based in Malaysia.
When it comes to the crypto friendly status, according to
- https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
Indeed. Most countries in Asia are not yet crypto friendly that their governments are still not aware about cryptocurrency. Here in the Philippines we have our own crypto wallet that we can use it for paying bills and buying prepaid loads, but our government still does not recognized bitcoin as a legal currency. - https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
When it comes to the crypto friendly status, according to
- https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
- https://www.finder.com/my/global-cryptocurrency-regulations
Malaysia country is still on its improving stage when it comes to the crypto regulations. Their government is still on the proccess to legally adopt and accept bitcoin. Thus, it is not yet fully crypto friendly.
They have released a new crypto regulations in Malaysia for security purposes. And with regards to the business who accept bitcoin payments, there is actually some restaurants who are doing this. It is the
Nasi Kerabu restaurant from Jijah's stall.
Hi there,
I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
Basing on the replies of the majority, Malaysia is not as crypto friendly as compare to its neighbouring nations. So it's better to look for alternative countries like Singapore, and as far as I know, a lot of ICO projects are headquarter or at least have a physical office in Singapore so that says that it is crypto friendly and a safe haven.
So regarding your second question, there will be no incentives, on the contrary you may be facing a lot of difficulties and barriers if you choses to open up crypto related business in Malaysia.
Hi there,
I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
I recently have researched about it, and malaysia is not open to cryptocurrencies related business because bitcoin and other cryptocurrencies is not recognized as money in Malaysia, but there are still people who buys bitcoin and other cryptocurrency in malaysia which they also have their own way how to buy bitcoin.I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
For startups p2p model liquidity will be enough,am not sure that banks restricted every crypto-related transaction or only those having issue and fraudulent activities involved? Because they are supporting ICO and exchanges then how they will ban the bank accounts for dealing with cryptos?
maybe depends on the bank too because there are banks accept and rejects crypto but ofc fraud transactions are not going to be exempted . if banks accept cryptos but the transaction was verfied to be fraud , they will always reject it .
there are also countries that allow cryptos like china but they ban mining and some ico's , maybe the same thing happen to this country because you said they allow some crypto transaction and some does not not .
Malaysia is not restricted from owning or using cryptocurrencies, they are open and may adapt it but I think they are not that tech users. They don't spend most of their time in front of the computer's screen/monitor or even using a smartphone so they are not updated on the current trends like digital currency.
that's good, nobody regulates Bitcoin in that country to make Bitcoin free and pure decentralized, but negative things will come if they don't have crypto currency regulations, such as fraud and crypto currency crime.
First you say that is good they don't have Bitcoin regulation in place and in the next sentence you say that is bad if they don't regulate cryptocurrencies in sense of fraud and crime. So that makes me to conclusion.that you don't understand what cryptocurrency regulations actually mean.
How to treat fraud and other crime is just one aspect of regulation in terms of protection of users. But in order to have that in place you need to have cryptocurrencies regulated in other ways as a part of economy and financial system and society in whole. Regulation is a very complex issue but it's necessary for cryptocurrencies to grow further.
Hi there,
I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
I recently have researched about it, and malaysia is not open to cryptocurrencies related business because bitcoin and other cryptocurrencies is not recognized as money in Malaysia, but there are still people who buys bitcoin and other cryptocurrency in malaysia which they also have their own way how to buy bitcoin. I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?
If someone is actually doing something or if there are some projects or incentives to star up something there...
Thanks for your attention
Malaysia is not restricted from owning or using cryptocurrencies, they are open and may adapt it but I think they are not that tech users. They don't spend most of their time in front of the computer's screen/monitor or even using a smartphone so they are not updated on the current trends like digital currency.
Good to know that there are still some country and people who are open minded when it comes to cryptocurrency in which they are opened to adapt it no matter what happens so that they will be able to change their way of mind in order to follow the continues growing of technology all over the world. I hope they will be able to spent more time on computers and smart phones for them to be more updated on what is happening on cryptocurrency or they will be updated on the trends like what you have been said digital currency.
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