CryptoCoinsInfoClub.com

Bitcoin Malaysia

How To Buy Cryptocurrency Like Bitcoin In Malaysia

How To Buy Cryptocurrency Like Bitcoin In Malaysia

Now is one of the best times to own Bitcoinbut only if you bought it last year. That doesnt mean youre out of the cryptocurrency gold rush, fortunately. Everything between Dogecoin, Ethereum and NEM are all still an opportunity for users to hedge their bets, though options for Malaysians to buy can be limited. Just keep in mind how volatile these cryptocurrencies usually aremore volatile than Bitcoin even, which relies on its founding ideology to drive more stability. With enough smarts and research, you might also still benefit from buying Bitcoin even today. Fun Fact: Bitcoin was born out of the financial crisis of 2008, which drove demand for currency that is not controlled by a central authority. It aims to fix the problem by capping the maximum number of Bitcoins that can ever be in circulation and the rate new Bitcoins can be produced. So if youre an extreme beginner who is curious about how to own your very own chunk of cryptocurrency, heres where to get them. Before you make any serious purchases, read up about cryptocurrency wallets and how to secure them . Try to stick to officially endorsed wallets, and be careful of malware pretending to be wallets. As a fair warning, weve received reports of Bitcoin owners in Malaysia whose wallets were suspended from transferring into Malaysian bank accounts, lasting approximately a month. Do bear this in mind before you commit your money to any wallets. We think a good rule of thumb is to only buy cryptocurrency with money you can afford to lose. The list below is curated based on platforms that have a substantial presence in Malaysia, either through good reputation, or those who are run by Malaysians, as far as we can find. Luno allows you to trade Ringgit with cryptocurrency directly. This Singaporean app is probably t Continue reading >>

Malaysia Central Bank To Let Public Decide Cryptos Fate

Malaysia Central Bank To Let Public Decide Cryptos Fate

Malaysia Central Bank to Let Public Decide Cryptos Fate Malaysias central bank, Bank Negara, is set to release a concept paper, calling for the public to decide the fate of cryptocurrencies in the country, according to a recent report. Bank Negara governor Muhammad Ibrahim is said to have assured the bank will neither ban nor recognize cryptocurrency, and that the paper will be finalized in February. Also read: Internet Pioneer Who Influenced Assange & Snowden Dead at 70 At the 40th anniversary dinner of Harvard Business School Alumni Club of Malaysia, Bank Negara governor Muhammad Ibrahim said, Basically, we will let the cryptocurrency promoters including bitcoin, ethereum and ripple to be more transparent, the methods to be more transparent and people behind the scene are to be more transparent too. By doing so, the public can decide on its own if they want to invest in cryptocurrencies. Malaysia in recent years has been an economic tiger, its economy growing faster than more powerful regional cousins South Korea, and even outpacing France and Australia. Its government is unusually paternalistic with regard to the economy, however, though less so as it has developed. Politically it occupies an odd space in Southeast Asia as a federal constitutional elective monarchy. Something akin to the Westminster system, the king is chosen in rotation by hereditary families, and he acts as ceremonial head of state, appointing upper parliament house members and ministers. Mr. Ibrahims comments follow Finance Minister II Johari Abdul Ghani who explained the country wouldnt ban cryptocurrency completely so as to avoid curbing creativity and innovation in [the] financial sector, according to a report . This is at least the second time the government has reverted to public opinion wit Continue reading >>

New Cryptocurrency Exchange To Be Launched Next Month

New Cryptocurrency Exchange To Be Launched Next Month

New cryptocurrency exchange to be launched next month Two-year run: Fakhrul says Pinkexc has been in the digital currency exchange business since 2016. KUALA LUMPUR: A homegrown cryptocurrency exchanger is launching a revamped version of its trading venue, targeting strong market appetite for the alternative asset class, amid increased regulatory scrutiny on the sector. Ipoh-based Pinkexc Sdn Bhd founder and chief executive officer Fakhrul-Razi Abu Bakar said the new platfom is scheduled to go live in February, six months after he took it offline to facilitate a major upgrade of its system. We have expanded our system capabilities and we are confident that the platform will be at par with the best out there, he told StarBiz. Pinkexc is seeking to fill the gap in the market after popular exchanger Luno said on Jan 12 that it was unable to processs deposits and withdrawals in Malaysia following a move by the Inland Revenue Board (IRB) to freeze its bank accounts. The IRB was reported to have said that while the cryptocurrency business was an unregulated industry in Malaysia, it was subject to Malaysian income tax. A conservative estimate put the average monthly trading turnover of bitcoin and other digital currencies in Malaysia at around RM75mil. At least one exchanger, according to a StarBizWeek report, had handled a trading volume of some RM500mil from Malaysian trades last year alone. There are four crypto exchangers operating in Malaysia, including London-based Luno and Pinkexc. To compare, there are more than 10 exchangers operating in neighbouring Singapore. Fakhrul said Pinkexc is the only Malaysian-owned exchanger in the country and has been in the digital currency exchange business since 2016. The new Pinkexc trading venue, he said, will feature six cryptocurre Continue reading >>

Bitcoin Malaysia And Blockchain Tech Information

Bitcoin Malaysia And Blockchain Tech Information

PSA: We are not associated to Yayasan Fintech Sedunia (IFF) 25 March 2018 It has come to our attention thatYayasan Fintech Sedunia (IFF) is misusing our photos and reputation. This is a public notice and we declare truthfully that we are not associated toYayasan Fintech Sedunia (IFF) in any way. If you have evidence of misrepresentation, please email us at [emailprotected] How You Can Be Involved in the Blockchain Industry in Malaysia (Access Blockchain Association Malaysia) If you are reading this, chances are you are a fan of cryptocurrencies. You might be an investor, a miner, a developer, or a combination of these. Cryptocurrencies are built on the blockchain technology. Secure, trustless, decentralised public ledgers are recording various cryptocurrencies transactions as we speak. The Bitcoin Network, for example, has been running for 9 years without any major disruptions. While blockchains first use-case is currency, it can be applied in so many other ways. Any type of data can be stored and time-stamped in the blockchain. Many industries want to take advantage of the blockchain revolution for obvious reasons: to increase efficiency, introduce automation, reduce paperwork and wo/manpower, and more. Interested in blockchain technology and want to harness it for your company, or already using it and want your voice as a blockchain practitioner or advocate heard? This is where you come in. ACCESS Blockchain Association is now open for members registration. We invite: Companies interested to implement blockchain Continue reading >>

Malaysia Will Not Ban Bitcoin Trading, Confirms Finance Minister

Malaysia Will Not Ban Bitcoin Trading, Confirms Finance Minister

Malaysia Will Not Ban Bitcoin Trading, Confirms Finance Minister Join our community of 10 000 traders on Hacked.com for just $39 per month. Malaysia will not enforce a blanket ban on the trading of cryptocurrencies like bitcoin, the countrys second finance minister revealed. In an interview with The Malaysian Reserve , the countrys second Finance Minister Johari Abdul Ghani has confirmed that the countrys central bank will not impose a ban on cryptocurrencies, emphasizing that such a draconian move would curb innovation and creativity in the financial sector. The official, who said the government is focusing on striking a balance between public interest and integrity of the financial system, added: It is not the intention of the authorities to ban or put a stop on any innovation that is perceived to be beneficial to the public. The remarks will come as a relief to adopters of cryptocurrencies like bitcoin in Malaysia and represents a shift in stance after Bank Negara Malaysia (BNM) governor Muhammad bin Ibrahim refused to rule out a complete ban on cryptocurrencies back in October 2017. Malaysias central bank issued draft regulations for public consultation in mid-December wherein cryptocurrency exchanges will be designated as reporting institutions . While open to cryptocurrencies, Johari said the central bank is taking a cautious approach that will focus on the need to have proper regulation and supervision to ensure any risk associated with such schemes are effectively contained. Financial innovation brought on by financial technologies like cryptocurrencies will enhance the countrys economic productivity and make financial intermediation more seamless Johari said. Pointedly, the official went on to include digital currencies and e-wallets as a part and parcel of Ma Continue reading >>

How To Buy Bitcoin In Malaysia | Finder

How To Buy Bitcoin In Malaysia | Finder

You keep hearing about it, but what exactly is bitcoin and how do you buy it? Read on for finders definitive guide. There are two main ways to buy bitcoin in Malaysia. Use a bitcoin broker. This is probably the easiest way to buy bitcoin. If you just want to get it done quickly and easily, and have no plans to become a cryptocurrency trader, then this might be the way to go. The downside is that convenience comes at a cost, and you pay a bit more for the brokerage services. Buy from an exchange. Cryptocurrencies like bitcoin are traded on exchanges. If you want to buy bitcoin as cost-effectively as possible, or plan on doing more trading in future, then choosing a reliable exchange might be what you want to do. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed. Quick-start guide: How to buy bitcoin as fast as possible Want to do it as fast as possible? You might be able to go from zero to bitcoin in less than an hour. Get a wallet . This can be done as easily as downloading it to your computer or phone. Use a no-verification-required bitcoin service, such as Loca Continue reading >>

Nine Nabbed For Bitcoin Mining Computer Equipment Theft

Nine Nabbed For Bitcoin Mining Computer Equipment Theft

Nine nabbed for bitcoin mining computer equipment theft The stolen bitcoin mining machines and power supply unit recovered by police after they were sold online by the suspects. Picture by Kenneth Tee SERDANG, Feb 27 Police have arrested nine suspects for their involvement in several bitcoin mining computer equipment theftsamounting to at least RM1 million since last month. Serdang police chief Assistant Commissioner Megat Mohamad Aminuddin Megat Alias said police received a total of five reports from January 17 until February 16 in the district concerning the computer equipment thefts. Of the five reports, a total of 153 mining machines and power supply units (PSU) were reported stolen by the victims. A police taskforce was then established to address the thefts led by the districts Criminal Investigations Department chief following the reports, he said. Megat Mohamad Aminuddin said police managed to recover 57 computer equipment used for bitcoin mining worth at least RM500,000, of which 28 of them were PSUs. He said the nine suspects in their 20s and 40s were detained in six simultaneous raids throughout Selangor, Klang Valley and Kuching, Sarawak following police tip-offs beginning Friday. Initial investigation revealed all the suspects confessed to selling and buying stolen bitcoin mining computer equipment online locally on social media and online marketplaces, with each set costing between RM16,000 to RM20,000. Police is also tracking down one more suspect believed to be the main accomplice and have several leads including positive fingerprint samples obtained from the crime scene. We urged those who bought such equipments online to get in touch with the police because investigation is ongoing, he said. On January 25, over 40 units of the Antminer S9 bitcoin mini Continue reading >>

Luno Exchange Bank Account Frozen By Malaysian Tax Officials

Luno Exchange Bank Account Frozen By Malaysian Tax Officials

Luno Exchange Bank Account Frozen by Malaysian Tax Officials Over the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the countrys tax officials. Also read: Federal Reserve Chair: Fed Doesnt Really Play Any Regulatory Role in Bitcoin Luno Emphasizes the Company is Working Closely With the IRB to Limit the Parameters of the Broad Request This week the exchange and wallet provider Luno (formerly Bitx) announced it is having issues with the Malaysian tax authorities. Created in 2013, the London-based business Luno has been providing bitcoin and ethereum to countries such as Nigeria, South Africa, Malaysia, Indonesia, the UK, and 35 other European regions. Malaysias Inland Revenue Board (IRB) froze the firms Malaysian bank account on January 13, an account that was held under its local business name Bitx Malaysia. Luno explains to the Edge Markets financial publication that the IRB is investigating a case that involves tax discrepancies. As part of this, IRB has requested that we provide them with information on all our Malaysian customers: identification, deposits/withdrawals, and transactions, Luno details. We are working closely with the IRB to limit the parameters of this broad request. Luno Asks Malaysian Customers to Follow Tax Requirements, and the Firm Is Supportive of the Central Banks Regulatory Measures In the meantime, Malaysia based Luno customers can still trade bitcoin and ethereum using the national tender the MYR. All your funds local and digital currencies remain safe with Luno and all other services remain unaffected, the company emph Continue reading >>

Bitcoin And Ethereum Made Easy | Buy, Store And Learn About Bitcoin And Ethereum In Malaysia | Luno

Bitcoin And Ethereum Made Easy | Buy, Store And Learn About Bitcoin And Ethereum In Malaysia | Luno

New to Bitcoin or Ethereum? Learn more on our Learning Portal Why are so many people investing in digital currencies like Bitcoin? People all over the world use Bitcoin to send money to friends and family or buy things online. It can be cheaper, faster and easier to use than ordinary money. Like the internet, no single entity controls Bitcoin. It provides users with both transparency and privacy. It puts you back in control of your money. People are buying Bitcoin because its like digital gold. It is used as an alternative store of wealth, for portfolio diversification, and long term investment. Learn more about Bitcoin and Ethereum on our Learning Portal Why are people from all over the world choosing Luno? Were early industry pioneers and have been around since 2013, successfully processed more than a billion dollars in transactions and have happy customers in over 40 countries. People love our easy-to-use products. From local payment methods to customer support in many different languages, we make your Bitcoin experience the best one. Our expert team has worked all over the world for top tech and finance companies such as Google, Amazon, Morgan Stanley and Barclays. Plus were backed by some of the world's top investors. When we say your money is safe, we really mean it. Weve built some of the worlds most sophisticated Bitcoin security systems and have never been compromised. Continue reading >>

Need Help With Bitcoin?

Need Help With Bitcoin?

What is Bitcoin and how to participate in MMM using bitcoins? It's more profitable, faster, and safer to provide help using bitcoins rather than traditional currencies. Watch the video about Bitcoin's key advantages and find out why it's beneficial to use it while participating in MMM. If you transfer money ( provide help ) via the Bitcoin (not a bank), you will receive a 3% bonus of the transferred amount. Bitcoin Bonus is not frozen. It is available for withdrawal as soon as the recipient confirms the receipt of funds. Bitcoin is an international electronic currency. This is a new form of money created on the basis of the program code. Bitcoin is not owned by any state, companies or individuals. Due to this, Bitcoin has become the world's first decentralized means of payment. Money transfers are made on the peer-to-peer principle without intermediaries between the sender and the recipient. No one can block a Bitcoin wallet. Bitcoin does not depend on central banks, local and international laws, religion and other things. Banks and the government do not control your bitcoins they are only available to you. The wallet is created anonymously. Cryptocurrency cannot be faked, and payments cannot be cancelled. 2. Cheap transactions anywhere in the world Transfer fees do not depend on the amount or location. They make up less than US$1 (regardless of the amount). You can transfer money to anyone from anywhere in the world. Unlike bank transactions, bitcoin transactions may be carried out on a 24/7 basis. You can decide independently when to transfer money. Bank transfers take 35 working days on average. The speed of transfers via Bitcoin is a few seconds, or, when you are dealing with large amounts of money, 1060 minutes. National currencies depreciate annually by 120 % (so Continue reading >>

Malaysian Authorities Raid Illegal Bitcoin Mining Operations

Malaysian Authorities Raid Illegal Bitcoin Mining Operations

Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: In one of Malaysias first such raids, the Subang Jaya Municipal Council (MPSJ) moved against two residences in the Puchong Jaya municipality that had been housing bitcoin mining operations. Per the council, the operations were illegal because they had failed to acquire relevant business permits. A catch-all net of other reasons for the raid were provided by local officials, too, ranging from the site being a fire hazard, to excess electricity consumption. The illegal bitcoin mining operations also created a nuisance for locals. Neighbors encountered power fluctuations due to the mining activity and complained about the allegedly loud and disorderly conduct of the sites tenants. Additionally, Malaysian financial authorities have already declared that cryptocurrencies are not a legal payment method. To this end, The Central Bank of Malaysia is in the process of drafting clear policies with regard to crypto exchanges. The new policies will class digital currency exchanges as reporting bodies under Anti-Money Laundering and Anti-Terrorism regulations. MSPJ councilor Frankie Yap indicated the renters had broken council regulations by turning a residential property into a business facility. One of the Puchong residences in question. Herein, then, lies a larger theme that will come into play in the coming years: state and government authorities cannot move against decentralized cryptocurrencies themselves, but they can play hardball with traditional regulations in order to make participating in the crypto ecosystem practically impossible. In this sense, authorities may not be able to wrest your 24 word recovery seed from your mind, but they can definitely shutter your mining Continue reading >>

This Is The Only Bitcoin Atm In Malaysia Where You Can Buy The Crypto Or Cash Out

This Is The Only Bitcoin Atm In Malaysia Where You Can Buy The Crypto Or Cash Out

This is the ONLY Bitcoin ATM in Malaysia Where You Can Buy the Crypto or Cash Out This is the ONLY Bitcoin ATM in Malaysia Where You Can Buy the Crypto or Cash Out Get the latest viral stories daily! Like us: Cryptocurrencies have been making headlines for a while now but we cant deny that they are definitely making an impact in the world. Theyve been gaining so much popularity that we actually have a Bitcoin ATM right in Ipoh, Malaysia! Its the only one currently! Apparently, it has already been in existence since 2016 but you probably have not heard about it before. This ATM was introduced by Pinkexc (M) Sdn. Bhd. , which has been well received by Bitcoin investors so far. If you have a Bitcoin wallet and dont know where to turn that Bitcoin into cash, then you should really head over here. According to China Press , ever since cryptocurrency has been widely accepted, the company sees an average of 50 transactions a day, which adds up to about RM80,000 worth of transactions where people buy and sell Bitcoins using their services. The founders who set up the company in Malaysia were inspired when they visited Japan and South Korea and discovered that these two countries commonly used Bitcoin ATMs. The machines can be used to either buy Bitcoins by inserting cash inside or converting your Bitcoins into cash. Remember to have your Bitcoin wallet handy on your mobile phone! They have tried to expand further into the country and have constantly tried to apply with Bank Negara Malaysia to set up their ATMs across the country. However, as cryptocurrencies are still a grey area here, they werent able to get their permits yet. Currently, the software for the Bitcoin ATM is being upgraded to include other cryptocurrencies too, such as Ethereum, Lite and Dash. Its really easy t Continue reading >>

Bitcoin In Malaysia: Will The Malaysian Government Ban Bitcoin Trade?

Bitcoin In Malaysia: Will The Malaysian Government Ban Bitcoin Trade?

The fate of cryptocurrency trading in Malaysia now wearily rests on the shoulders of its citizens, according to a recent report. Malaysias central bank, Bank Negara, is expected to outline its stance on bitcoin in the near future with the publication of a cryptocurrency concept paper. But ahead of drafting the crucial document, Bank Negara governor Muhammad Ibrahim is said to have confirmed he will neither officially denounce nor recognise the token. Mr Ibrahim said: Basically, we will let the cryptocurrency promoters including bitcoin , Ethereum and Ripple to be more transparent, the methods to be more transparent and people behind the scene are to be more transparent too. Bitcoin price news: What is value of bitcoin today? Why is BTC falling "By doing so, the public can decide on its own if they want to invest in cryptocurrencies. The news comes off the back of Finance Minister II Johari Abdul Ghani saying his Government would not be banning cryptocurrencies. The Minister was concerned such a move would only stifle creativity and innovation in the financial sector. Malaysia's second Finance Minister said earlier in January banning cryptocurrencies would would damage the countrys growing fintech sector. Continue reading >>

Buat Duit Online Dengan Mesin Mining Bitcoin Dan Altcoin Di Malaysia!

Buat Duit Online Dengan Mesin Mining Bitcoin Dan Altcoin Di Malaysia!

Buat Duit Online Dengan Mesin Mining Bitcoin dan AltCoin Di Malaysia! Apa itu Bitcoin dan Mengapa anda perlu memiliki Bitcoin? Apa kata mereka yang BOLEH DIPERCAYAI mengenai BITCOIN? Ya! Masih ramai yang tidak tahu apa itu Bitcoin? Bitcoin merupakan satu bentuk mata wang digital dan ianya dicipta dan digunakan secara elektronik. Yang lebih utama adalah bitcoin tiada siapa yang mengawalnya. Bitcoin tidak dicetak, seperti Dolar, Euro atau Ringgit Malaysia. Bitcoin yang dihasilkan oleh manusia menggunakan mesin komputer (mining machine) di seluruh dunia, dengan menggunakan perisian untuk menyelesaikan masalah matematik. Ia adalah contoh pertama kategori wang yang semakin banyak dikenalisebagai cryptocurrency. Apa yang menjadikan bitcoin berbeza daripada mata wang biasa? Bitcoin boleh digunakan untuk membeli barang-barang elektronik. Dari segi ini, ia sama seperti Dolar, euro, atau Ringgit Malaysia konvensional, yang turut diniagakan secara digital. Walau bagaimanapun, ciri-ciri Bitcoin lebih istimewa berbanding dengan wang konvensional, adalah bahawa ia tiada institusi (decentralized). Tiada institusi tunggal mengawal rangkaian Bitcoin. Ini membuatkan sesetengah orang selesa & selamat dengan bitcoinkerana ia bermakna bahawa bank yang besar tidak dapat mengawal wang mereka.Ini yang membuatkan bitcoin sangat istimewa dikalangan penggemar matawang digital. Seorang software developer yang dipanggil Satoshi Nakamoto mencadangkan Bitcoin, dimana ianya merupakan sistem pembayaran elektronik berdasarkan matematik. Idea ini adalah untuk menghasilkan mata wang yang tidak dikawal mana-mana kerajaan pusat, transaksi secara elektronik, kepantasan transaksi serta-merta, dengan bayaran transaksi yang sangat rendah. Tiada sesiapa. Mata wang ini tiada fizikal dan tidak dicetak oleh bank p Continue reading >>

Malaysian Minister: No Bitcoin Trading Ban Planned

Malaysian Minister: No Bitcoin Trading Ban Planned

Malaysian Minister: No Bitcoin Trading Ban Planned Jan 2, 2018 at 14:50 UTC|UpdatedJan 2, 2018 at 14:58 UTC Malaysia's second finance minister has said the government will not ban the trading of bitcoin and other cryptocurrencies, though it will remain cautious on the technology. In an interview with The Malaysian Reserve ,Johari Abdul Ghanis emphasised the importance of "striking a balance between public interest and integrity of the financial system," adding that to ban cryptocurrencies wouldharm fintech innovation. "It is not the intention of the authorities to ban or put a stop on any innovation that is perceived to be beneficial to the public." However, Johari added that Bank Negara Malaysia (BNM), the country's central bank, will in future ensure cryptocurrency exchanges conduct customer due diligence and report suspicious transactions. As with any investment schemes, Johari said, "there is a need to have proper regulation and supervision to ensure any risk associated with such schemes are effectively contained." BNM published its draft guidelines to cover cryptocurrency exchanges in December, as reported by CoinDesk. The minister further discussed the importance of fintech innovationfor Malaysia, saying it would boost economic productivity, as well as "make financial intermediation more seamless."Digital currencies and e-wallets should beincluded in Malaysia's digitalisation roadmap, he added. On a concluding note,Johari argued that it was important for authorities to have a sound understanding of cryptocurrencies before bringing in new policies and regulations. "This is particularly relevant to recent innovation like bitcoin, which remains unregulated globally and not battle-tested against shocks, unlike more conventional mediums of exchange," he told the Reser Continue reading >>

More in ethereum