2019-10-16 03:34 |
Major bank HSBC announces first successful enactment of a letter of credit on a blockchain in Malaysia
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In a very surprising move, HSBC, the seventh largest banking institution in the world, has decided to start educating its investors about crypto assets. The move was made by the HSBC branch of Malaysia, known as HSBC Bank Malaysia Berhad.
2019-6-28 15:31 | |
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Malaysia’s digital asset ambitions are drawing in legacy aviation and banking players as interest grows in local-currency stablecoins. Capital A, the operator of AirAsia, and Standard Chartered Bank Malaysia have agreed to explore the development of a ringgit-backed stablecoin, adding momentum to the country’s regulated crypto experimentation.
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Malaysia’s Securities Commission (SC) has directed crypto exchange Bybit and its CEO Ben Zhou to cease all operations within the country. In a recent press statement, the financial regulator explained that the order stems from Bybit’s failure to secure the authorization to operate as a digital asset exchange (DAX) under local regulations.