By Ryan Johnson Malaysia, which has become the dumping ground for the world’s plastic waste, will send back non-recyclable plastic scrap to the developed countries that sent it there, its environment minister said on Tuesday. Malaysia last year became the leading alternative destination for plastic scrap after China banned imports of such waste, disrupting the […]

Malaysian cryptocurrency regulation comes into effect on Tuesday, Reuters reports on Monday, Jan. 14. The Malaysian finance minister, Lim Guan Eng, reportedly said today that the Capital Markets and Services Order 2019 would become effective on Jan. 15. According to Reuters, the new regulation classifies digital currencies, tokens and crypto-assets as securities, placing them under the Securities Commission’s authority. Starting […]

The ongoing controversy surrounding Malaysia’s proposed political cryptocurrency, Harapan Coin, is far from letting up. On Nov. 26, the country’s finance minister, Lim Guan Eng, weighed in on the issue by reiterating that any entity looking to issue a cryptocurrency should first refer to Bank Negara Malaysia (BNM) and the Securities Commission: “Don’t do it without Bank Negara’s guidelines […]

Malaysian Finance Minister Lim Guan Eng has revealed that a new set of comprehensive regulations guiding the activities of crypto exchanges and ICOs will come into effect in Q1 2019. Speaking in Kuala Lumpur on Wednesday at the FinTech Conference 2018 organised by Malaysia’s Securities Commission, he revealed that the new regulations are part of […]

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. This has seen the ministry unveil an issuance and verification system for university degrees based on the NEM blockchain. Known as the e-Scroll system, the idea of […]

A central-bank approved Malaysian Fintech startup that has specializes in international money transfers has completed its first cross-border transfer on RippleNet, Ripple’s enterprise blockchain platform using an API solution. With a payment from Malaysia to Spain, Kuala Lumpur-based MoneyMatch has completed its first cross-border blockchain transaction, a local report from Focus Malaysia confirmed. The transaction, which enabled […]

The Malaysian government is seeking to explore blockchain solutions in the nation’s three largest industries: renewable energy, palm oil, and Islamic finance. A task force named the Malaysian Industry-Government Group for High Technology (MIGHT) will be spearheading the move to adopt blockchain in each industry in order to increase transparency, sustainability, and logistical efficiency according to a report published […]

Two Malaysian women convicted of attempting to have lesbian sex in a car have been caned in a religious court. The Muslim women, aged 22 and 32, were each caned six times in the Sharia High Court in the state of Terengganu. According to an official, this is the state’s first conviction for same-sex relations […]