Questions tagged [malaysia]

Thunderbolt Wed Aug 28 2024 | 6 answers 1305

Is it true that cryptocurrency is considered a criminal activity in Malaysia? I've heard conflicting reports and would like to know the official stance on the matter. Are there any specific laws or regulations in place that govern the use and trade of cryptocurrencies within the country? I'm particularly interested in how the government views digital currencies like Bitcoin and whether there are any penalties for those who engage in transactions using them.

Skywalker Wed Aug 28 2024 | 6 answers 1406

I'm curious to know, has Malaysia experienced any significant loss of electricity due to the rise of cryptocurrency mining? If so, could you provide some figures or estimates on the amount of electricity that has been consumed by these mining operations, and how it compares to the country's overall energy usage? It's important to understand the impact of this emerging industry on Malaysia's energy resources and infrastructure.

Giuseppe Wed Aug 28 2024 | 5 answers 703

Could you please elaborate on which specific cryptocurrencies have been approved for use in Malaysia? Are there any specific regulations or licenses required for individuals or businesses to engage in cryptocurrency transactions within the country? Also, is there a list of approved cryptocurrencies that is publicly available for reference? Additionally, how does Malaysia's stance on cryptocurrencies compare to other countries in the region?

Lorenzo Tue Aug 27 2024 | 7 answers 1623

I'm curious to know, who stands out as the most successful forex trader in Malaysia? In this highly competitive and dynamic market, it's fascinating to learn about the strategies and approaches that have propelled individuals to the top. Is there a particular trader who has consistently demonstrated remarkable success, both in terms of profitability and longevity in the industry? I'd love to gain insight into their journey, including any key turning points, challenges overcome, and the unique skills or mindset that have contributed to their success.

Margherita Mon Aug 26 2024 | 6 answers 1629

Are you a Malaysian forex trader wondering about your tax obligations? It's important to understand that, like other forms of income, profits from trading in foreign currencies are subject to taxation in Malaysia. The exact amount of tax you'll pay depends on various factors, such as your total income for the year and whether you're trading as a sole trader or through a limited liability company. It's crucial to consult with a tax professional to ensure that you're complying with all relevant tax laws and regulations. Don't risk facing penalties or fines by neglecting your tax responsibilities as a forex trader in Malaysia.