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KUALA LUMPUR: A total of 25.126 million mobile payment transactions worth RM725.8mil have been recorded in the first quarter of this year, says Deputy Finance Minister Datuk Amiruddin Hamzah.
NEW YORK/LONDON: Bitcoin jumped to an 18-month high on Wednesday, as investors looked for safety in alternative investments amid geopolitical tension, and cheered prospects that Facebook Inc's Libra token could push cryptocurrencies into the mainstream.
Dramatic falls followed by sharp rises followed by more dramatic falls. Crypto-currency exchange markets are giving us all whiplash. With allegations of bad practice leading to investigations into some cryptocompanies, the once booming currency faces uncertain times.
KUALA LUMPUR: The digital assets platform will now be regulated as a recognised market, which will put it on the same level as equity crowdfunding (ECF) and peer-to-peer financing (P2P).
KUALA LUMPUR: The Securities Commission (SC) has ordered all ongoing initial coin offerings (ICOs) to halt their activities and return all monies or digital assets collected from investors.
KUALA LUMPUR: The law on digital currencies and digital tokens will come into effect on Tuesday and any person operating unauthorised initial coin offerings (ICOs) or digital asset exchange faces a 10-year jail and RM10mil fine.