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SHANGHAI (Reuters) - Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money.
India and China come down hard due to concerns of financial market stability, illegal fundraising
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.
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.
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).