According to a press release received by AMBCrypto, an independent trading platform licensed under the Huobi brand, Huobi Labuan, a localized crypto-exchange for the Malaysian market, is launching with fully regulated trading services for both spot and derivatives markets. The launch of such trading services comes shortly after Huobi Labuan received a digital asset trading...Read More
Singapore authorities have sentenced a man for robbing a Bitcoin investor of S$365,000 (U.S $267,097) in cash, to three years in prison, and 12 strokes of the cane yesterday, according to a report in The Straits Times. The accused, Jaromel Gee Ming Li, 29 pleaded guilty to engaging in a conspiracy to commit robbery along...Read More
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes. Circumstances vary, but the real...Read More
Iranian President, Hassan Rouhani, has suggested a unified Muslim crypto asset in talks with the Malaysian Prime Minister and Turkish President during the Kuala Lumpur Summit 2019. Rouhani said that the move would strengthen cooperation amongst Muslim nations and enhance resistance to financial shocks and manipulation by the US. Unified Muslim Crypto Well-Received Malaysian Prime...Read More
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings,...Read More
