News & Reviews:   ethereum

Global cryptocurrency platform Luno has today revealed that Malaysia is one of its strongest markets. In a statement by Luno Malaysia country manager Aaron Tang, 12 percent of the platform's new customers in the past 6 months are based in our country.

That amounted to approximately 120,000 new customers from Malaysia in just half a year. Globally, Luno now has over 10 million customers across 40 countries, securing one million new customers worldwide in the past six months for a a 35 percent year-on-year growth.

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.

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.