Quote from: abhiseshakana on February 02, 2020, 04:46:31 PM

Quote from: digital_mine on January 30, 2020, 02:14:28 PM

Hi there,

I would like to ask if someone here knows or not Malaysia is open to cryptocurrencies related business?

If someone is actually doing something or if there are some projects or incentives to star up something there...

Thanks for your attention

Mahathir Mohamad was campaigning heavily for de-dollarization. Malaysia initiated the Kuala Lumpur Summit (December 2019) which was attended by 20 countries and from the four countries present, Malaysia, Iran, Turkey, and Qatar, considering trade cooperation by using gold as a payment instrument, replacing the US dollar.

The results of the Kuala Lumpur Summit also gave rise to the agenda of creating a new regional currency that was intended for transactions between members. This new currency can be either gold or stable coins with gold underlying.

This agenda certainly brings great opportunities for the development of cryptocurrency in Malaysia. The latest news, the Malaysian Securities Commission (SC) has issued regulatory guidelines that require token / Initial Exchange Offerings (IEO) in the country to be attached to the exchange requires every Malaysian regulator.

This certainly opens up many opportunities for start-up businesses on the basis of a growing blockchain and crypto base in Malaysia. There are already a number of programs running like this below.

https://fintechnews.my/18476/blockchain/blockchain-malaysia-projects/

Thanks for the link I'll chek it out