Malaysia Tightens The Noose On Crypto Taxation With Nationwide ‘Ops Token’ In...
To curb tax evasion within the cryptocurrency sector, the Malaysian Inland Revenue Board (IRB) has initiated a special operation named “Ops Token.” This campaign, conducted with the assistance of the Royal Malaysia Police and CyberSecurity Malaysia, targeted several business entities across the Klang Valley suspected of underreporting their cryptocurrency transactions. Related Reading: Crypto Investors Rejoice: […]
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Bitcoin is the first mover, and for that reason alone, it will always be the king of cryptocurrencies. Every desperate attempt to kill the most sought-after crypto asset or claims of it being dead only seems to have made the crypto stronger and more resilient than ever. Every successful trader holds BTC. A beginner in […]
Things are going smoothly for Fusang, situated in the Labuan region of Malaysia. Labuan, established in 1990, is being pitched as Malaysia’s Hong Kong. This mid-shore jurisdiction is located inside the nation but is free from its regulations and taxes. Labuan was relatively unknown until Fusang placed it on the map with its digital equity […]
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region.
UAE Prepares to Regulate Crypto Sector Nationwide
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to virtual asset service providers (VASPs) by the end of the first quarter, Bloomberg reported Thursday, citing an unnamed government....
Malaysia’s crypto sector is drawing serious outside money. Bank Negara Malaysia has spent the past year rolling out sandbox pilots and tokenization roadmaps, and now one of the world’s biggest exchanges is backing a local platform to grow alongside it. Related Reading: Altcoin Carnage Ahead? 99% Could Be Wiped Out, Analyst Says Bybit Returns With […]
Bitcoin firm BitX, which focuses on bringing bitcoin services to emerging markets, has added Malaysia to its stable of exchanges. The new exchange, which has been operating live for two weeks now, allows Malaysians to link local bank accounts for both deposits and withdrawals in the local currency, the ringgit. In keeping with BitX's goal to provide local services with local staff, customer support is also available in the country's official language, Bahasa Malaysia. BitX CEO Marcus Swanepoel told CoinDesk that Malaysia is a "very tech savvy market", with bitcoin trading already active at....