{"id":2867,"date":"2014-02-04T05:30:12","date_gmt":"2014-02-04T10:30:12","guid":{"rendered":"http:\/\/www.bytebot.net\/blog\/?p=2867"},"modified":"2014-02-04T05:30:29","modified_gmt":"2014-02-04T10:30:29","slug":"bitcoin-exchanges-cant-work-in-malaysia","status":"publish","type":"post","link":"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia","title":{"rendered":"Bitcoin Exchanges can&#8217;t work in Malaysia"},"content":{"rendered":"<p>News today: Genneva (gold trading company, launched by former Prime Minister Mahathir) Malaysia director <a href=\"http:\/\/www.thestar.com.my\/News\/Nation\/2014\/02\/04\/Genneva-Malaysia-director-charged-with-accepting-deposits-without-a-licence\/\">charged with accepting deposits without a license<\/a>.<\/p>\n<p>So if you&#8217;re thinking of a Bitcoin exchange in Malaysia, think again. Bank Negara Malaysia obviously <a href=\"http:\/\/www.bnm.gov.my\/index.php?ch=en_announcement&amp;pg=en_announcement_all&amp;ac=275\">doesn&#8217;t think much<\/a> of Bitcoin. How will you accept deposits without a license?\u00a0<\/p>\n<p>Singapore on the other hand proves itself to be in the forefront of finance: <a href=\"http:\/\/qz.com\/165207\/singapore-figured-out-how-to-tax-bitcoin-treat-it-like-a-product-not-money\/\">treat Bitcoin like a product<\/a>. Read the <a href=\"http:\/\/coinrepublic.com\/singapore-tax-authorities-iras-recognize-bitcoin-and-gives-guidance\/\">full IRAS statement<\/a>. Singapore is about to get its first <a href=\"http:\/\/www.coindesk.com\/singapores-first-bitcoin-atm-due-march\/\">Bitcoin ATM<\/a> soon.<\/p>\n<p>For further reading, see the\u00a0<a href=\"http:\/\/www.bnm.gov.my\/documents\/act\/en_bafia.pdf\">BAFIA 1989<\/a>, in its entirety. Once again, laws that prevent innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News today: Genneva (gold trading company, launched by former Prime Minister Mahathir) Malaysia director charged with accepting deposits without a license. So if you&#8217;re thinking of a Bitcoin exchange in Malaysia, think again. Bank Negara Malaysia obviously doesn&#8217;t think much of Bitcoin. How will you accept deposits without a license?\u00a0 Singapore on the other hand [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[25,1,1405],"tags":[1634,1635,1636,137,309],"class_list":["post-2867","post","type-post","status-publish","format-standard","hentry","category-business","category-general","category-malaysia-thoughts","tag-bitcoin","tag-finance","tag-law","tag-malaysia","tag-singapore"],"jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/p4vJD-Kf","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts\/2867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/comments?post=2867"}],"version-history":[{"count":1,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts\/2867\/revisions"}],"predecessor-version":[{"id":2868,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts\/2867\/revisions\/2868"}],"wp:attachment":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/media?parent=2867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/categories?post=2867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/tags?post=2867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}