Crypto Trader Claims MEXC Demanded an In-Person Visit to Malaysia to Unfreeze $3.1M
A high-profile crypto trader, who goes by the alias White Whale, has accused global exchange MEXC of making an unusual and controversial demand: fly to Malaysia in person to retrieve $3.1 million in frozen funds. The trader revealed that, despite already completing extensive digital Know Your Customer (KYC) verification steps such as biometric checks, phone […]
Malaysia Launches New Regulations for AI, Cloud Computing
Malaysia is intensifying its efforts to promote the ethical application of AI and cloud computing by implementing new regulations and partnerships. In an Oct. 1 report from Reuters, Malaysian Prime Minister Anwar Ibrahim announced that the country will establish a national AI office to oversee initiatives related to AI developments within its jurisdiction. This initiative […]
Malaysia Partners with Worldcoin for Advanced Digital Identity Verification
Malaysia’s MIMOS has signed an MoU with the Worldcoin Foundation, TFH, and MyEG to integrate Worldcoin technology into the nation’s digital infrastructure. MIMOS, the Malaysian Government’s applied research and development agency, has executed a memorandum of understanding (MoU) with the Worldcoin Foundation, Tools for Humanity (TFH), and e-government services provider MyEG. The purpose of this […]
Malaysia Embraces Worldcoin for Digital ID and Personal Verification
Malaysia seeks to address national concerns and expand economic opportunities by implementing cutting-edge biometric verification technology. Malaysia has adopted Worldcoin’s controversial iris-scanning technology for personal verification purposes. The Worldcoin Foundation, Tools for Humanity (TFH), and MyEG have signed a memorandum of understanding with MIMOS Berhad , the Malaysian government’s R&D department. Areas of Collaboration This partnership […]
Malaysia To Combat Crypto Tax Evaders with Ops Token
IRB official Datuk Abu Tariq Jamaluddin cautions crypto traders to declare taxes or face penalties. The Inland Revenue Board (IRB), a federal agency in Malaysia, implemented a unique operation known as “Ops Token” to mitigate the loss of tax revenue from crypto trading. Local media outlet The Malaysian Reserve reported that 38 personnel from the Royal Malaysia […]