Bitcoin Exchanges can’t work in Malaysia
News today: Genneva (gold trading company, launched by former Prime Minister Mahathir) Malaysia director charged with accepting deposits without a license.
So if you’re thinking of a Bitcoin exchange in Malaysia, think again. Bank Negara Malaysia obviously doesn’t think much of Bitcoin. How will you accept deposits without a license?
For further reading, see the BAFIA 1989, in its entirety. Once again, laws that prevent innovation.