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India and China come down hard due to concerns of financial market stability, illegal fundraising
It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong?
How bitcoin and other digital coins are defined could shape how they are regulated around the world.
KUALA LUMPUR: There is a high level of awareness of cryptocurrencies in Malaysia but the same does not apply to initial coins offerings (ICOs), which also comes under the crypto assets category, revealed a survey by the Organisation for Economic Co-operation and Development (OECD).
KUALA LUMPUR: The Securities Commission (SC) has cautioned the public against unauthorised initial coin offerings (ICO) and digital asset exchanges in light of the growing number of queries and complaints.
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.