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Luno plans launch of Malaysian HQ in 2019

KUALA LUMPUR: London-based cryptocurrency company Luno has announced plans to open a headquarters in Kuala Lumpur in the first quarter of 2019.

Country Heights shareholders give nod to ICO plan

KUALA LUMPUR: Country Heights Holdings Bhd shareholders have approved the company’s plan to conduct an initial coin offering (ICO) in order to issue its own cryptocurrency called “horse currency.”

Hong Kong reveals crypto rules, joining push to tame wild market

HONG KONG: Hong Kong’s securities watchdog unveiled new rules for cryptocurrency funds and said it may regulate digital-asset exchanges, joining a global push to improve supervision of an industry whose rapid expansion has attracted everyone from mom-and-pop investors to Wall Street banks.

About US$2.6 trillion stolen through graft each year

KUALA LUMPUR: Every year globally, a staggering amount of US$2.6 trillion is stolen through corruption, which is eight times larger than the Malaysian economy, says Bank Negara Governor Datuk Nor Shamsiah Yunus.

Bank Negara Governor Datuk Nor Shamsiah Yunus: "The fact that the reason for many virtual   currencies is to skirt the formal financial system adds further to the reservations of many."

Intel bucks chip industry woes; powered by PCs, iPhones

SAN FRANCISCO: Intel Corp beat analysts' estimates for quarterly profit and revenue on Thursday, driven by its high-margin data center business and strong demand for its PC chips, sending its shares up as much as 6.0 percent in extended trading.

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