Emanuele
Sun Jun 09 2024
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7 answers
1341
Why was Binance banned in Malaysia?｜Decrypt reported that Binance could have been blacklisted because , despite not having the license to do so. It also promoted its platform to Malaysians and also tried to release a crypto debit card in Malaysia without approval.it made the Ringgit available on its peer-to-peer exchange
Why did Malaysia ban Binance? Decrypt revealed that the platform might have been blacklisted due to its unauthorized operations. Despite lacking the necessary license, Binance aggressively marketed its services to Malaysians and attempted to introduce a crypto debit card without approval. Furthermore, it facilitated Ringgit transactions on its peer-to-peer exchange, possibly violating regulatory guidelines. Was this a calculated risk or a lack of due diligence? What steps should Binance take to reinstate its operations in Malaysia?
Daniele
Sun Jun 09 2024
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5 answers
965
Is crypto illegal in Malaysia?｜1. Is cryptocurrency legal in Malaysia? In Malaysia, cryptocurrencies are legal and classified as securities under Order 2019, but they are not recognized as legal tender or payment instruments by the country's central bank, Bank Negara Malaysia.
Could you clarify for me, is cryptocurrency considered legal in Malaysia? I've heard conflicting information and I'm not quite sure what the current stance is. I understand that cryptocurrencies are categorized as securities under Order 2019, but does this automatically mean they're legal? Also, could you elaborate on Bank Negara Malaysia's position? I've heard they don't recognize it as legal tender or payment instruments. Could you explain what that means in practical terms? Thank you for your assistance in clarifying this matter.
SilenceSolitude
Sat Jun 08 2024
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6 answers
1079
Is crypto legal in Malaysia?
I'm curious about the legality of cryptocurrencies in Malaysia. Could you please clarify whether the use and trading of cryptocurrencies are permitted in the country? Also, if there are any specific regulations or laws governing the crypto market in Malaysia, it would be helpful to know about them. Additionally, I'm interested in understanding the general attitude of the Malaysian government towards cryptocurrencies and whether there are any plans for further regulation in the future. Could you provide some insights on these matters?
BlockchainBaron
Sat Jun 08 2024
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6 answers
1185
Is it illegal to buy crypto in Malaysia?｜Is crypto legal in Malaysia? — that means it's not a legally recognised payment method. However, that doesn't mean that crypto is illegal. There are no laws prohibiting the exchange of services or assets of cryptocurrencies in Malaysia.Crypto is not legal tender in Malaysia
Hello, I'm curious about the legality of cryptocurrencies in Malaysia. Could you clarify for me whether it's illegal to purchase crypto in Malaysia? Also, does Malaysia legally recognize crypto as a form of payment? I've heard that crypto isn't considered legal tender, but does that automatically mean it's illegal? I'm just trying to understand the legal framework surrounding cryptocurrencies in Malaysia. Thank you for your assistance.
WhisperWind
Sat Jun 08 2024
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6 answers
1098
Is crypto mining banned in Malaysia?｜. Cryptocurrency, however, is not recognized as legal tender in the country so cannot be used to pay for goods and services. It is perfectly legal in Malaysia to mine, buy and sell cryptocurrency
Excuse me, I've been hearing conflicting information about cryptocurrency mining in Malaysia. Could you clarify whether crypto mining is banned in the country? I understand that cryptocurrency itself is not recognised as legal tender and cannot be used for purchases, but what about the mining process? Is it legal to mine cryptocurrency in Malaysia, or are there any restrictions?
