As SWIFT continues to see traction in its global payments innovation (gpi) initiative, a number of banks in Asia have signed on in recent days. SWIFT said it is working with five banks in Malaysia to bring the gpi initiative to the country over the next few months. Those banks — Hong Leong Bank, Maybank, […]
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News has come out that the Islamic scholar, Muhammad Abu-Bakar of Blossom Finance in Indonesia has declared Bitcoin permissible under Sharia Law. This would bring in a potential 1.6 billion Muslim investors from around the world. The study was published just prior to the huge spike in the price of Bitcoin seen on April 12th, […]
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The Central Bank of Malaysia, Bank Negara Malaysia (“Bank”) has drafted new regulations to expand reporting requirements for digital currency exchanges under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). Daniel ChiangDaniel is an experienced and dynamic entrepreneur with a demonstrated history of launching and operating successful businesses. Skilled in […]
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