Quote from: Blackdeath on February 05, 2020, 01:49:09 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

I recently have researched about it, and malaysia is not open to cryptocurrencies related business because bitcoin and other cryptocurrencies is not recognized as money in Malaysia, but there are still people who buys bitcoin and other cryptocurrency in malaysia which they also have their own way how to buy bitcoin.

Malaysia has clear regulations and indeed cryptocurrency does not yet have support from the government but if you are a citizen of Malaysia then you can still store bitcoin and can use cryptocurrency transactions for overseas transactions personally so even though in that country you still don't accept cryptocurrency but many in the country outsiders who have received payments using cryptocurrency and you can use it to buy anything you want with payments using cryptocurrency.