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News & Reviews:   Crypto Malaysia

  • 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.

  • 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.