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  • MyEG is giving away free NFTs to users of its ‘Compare by MyEG’ service

    MyEG is giving away free NFTs to users of its ‘Compare by MyEG’ service

    My E.G. Services Bhd (MyEG) yesterday launched the ‘Compare by MyEG x NFT Pangolin’ initiative which would give users free commemorative customisable non-fungible tokens (NFTs) to users of its ‘Compare by MyEG’ service. The company hopes that the initiative can help promote the use of NFTs and make it more accessible to everyone.

  • Ministry of Finance: Malaysia has no intention of recognising cryptocurrency as legal tender

    Ministry of Finance: Malaysia has no intention of recognising cryptocurrency as legal tender

    It looks like Malaysia won’t be recognising cryptocurrency as legal tender anytime soon as despite the urging to do so by the Ministry of Communications and Multimedia (K-KOMM). Previously, K-KOMM deputy minister called crypto ‘the future of finance’ and urged for the relevant authorities to held discussions in order to legalise it.

    However, the proposal was unceremoniously turned down by the Ministry of Finance (MOF) confirmed that the federal government has no intention of recognising crypto as legal tender. This was asserted by the ministry’s first deputy minister, Shahar Abdullah in the Dewan Rakyat yesterday.

  • Communications and Multimedia Ministry wants the Malaysian government to legalise cryptocurrency

    Communications and Multimedia Ministry wants the Malaysian government to legalise cryptocurrency

    The Deputy Minister of Communication and Multimedia (K-KOMM), Datuk Zahidi Zainul Abidin has urged for the Federal Government to adopt cryptocurrency as legal tender in Malaysia. Claiming that crypto is ‘the future of finance’, Zahidi also said that his ministry will be looking into ways to increase youths' involvement in digital currencies.

    The K-KOMM Deputy Minister made the statement in the Dewan Rakyat today in reply to a supplementary question from the Member of Parliament (MP) for Ledang, Syed Ibrahim Syed Noh. The latter asked K-Komm on the government’s stance on non-fungible tokens (NFTs) trading which are becoming more popular in our country.

  • Mark Zuckerberg confirms that NFTs will be coming to Instagram ‘in the near term’

    Mark Zuckerberg confirms that NFTs will be coming to Instagram ‘in the near term’

    Meta Platforms chairman and CEO, Mark Zuckerberg yesterday confirmed that non-fungible tokens (NFTs) are coming to Instagram soon. In fact, the Facebook founder said that Meta is currently working on doing just that and hopes that it would be accomplished ‘in the near term’.

    This announcement comes as no surprise as Meta has previously announced its interest with NFTs. Earlier this year, Instagram top executive Adam Mosseri said that the company is ‘actively exploring’ NFTs and even made plans to add NFTs into its crypto wallet Novi.

  • MyEG launches NFT Pangolin, may allow Malaysians to own vehicle license plates as NFTs soon

    MyEG launches NFT Pangolin, may allow Malaysians to own vehicle license plates as NFTs soon

    Malaysians may soon be able to own their vehicle registration number and other mainstream assets as a non-fungible token (NFT) after My E.G. Service Bhd (MyEG) announced that it is officialy entering the NFT space. The company yesterday launched NFT Pangolin, a marketplace that allows users to mint, sell and trade NFTs.

    According to a report by The Star, NFT Pangolin currently supports ethereum and will operate on the Zetrix Layer 1 blockchain network after its launch in the near future. The latter serves as parallel chain to the International Backbone and Supernodes of Xinghuo, China’s national blockchain infrastructure.