{"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<div class=\"sharedaddy sd-sharing-enabled\"><div class=\"robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing\"><h3 class=\"sd-title\">Share this:<\/h3><div class=\"sd-content\"><ul><li class=\"share-email\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"\" class=\"share-email sd-button share-icon\" href=\"mailto:?subject=%5BShared%20Post%5D%20Bitcoin%20Exchanges%20can%27t%20work%20in%20Malaysia&body=https%3A%2F%2Fwww.bytebot.net%2Fblog%2Farchives%2F2014%2F02%2F04%2Fbitcoin-exchanges-cant-work-in-malaysia&share=email\" target=\"_blank\" title=\"Click to email a link to a friend\" data-email-share-error-title=\"Do you have email set up?\" data-email-share-error-text=\"If you&#039;re having problems sharing via email, you might not have email set up for your browser. You may need to create a new email yourself.\" data-email-share-nonce=\"83fd9aa4d7\" data-email-share-track-url=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=email\"><span>Email<\/span><\/a><\/li><li class=\"share-facebook\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"sharing-facebook-2867\" class=\"share-facebook sd-button share-icon\" href=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=facebook\" target=\"_blank\" title=\"Click to share on Facebook\" ><span>Facebook<\/span><\/a><\/li><li class=\"share-linkedin\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"sharing-linkedin-2867\" class=\"share-linkedin sd-button share-icon\" href=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=linkedin\" target=\"_blank\" title=\"Click to share on LinkedIn\" ><span>LinkedIn<\/span><\/a><\/li><li class=\"share-twitter\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"sharing-twitter-2867\" class=\"share-twitter sd-button share-icon\" href=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=twitter\" target=\"_blank\" title=\"Click to share on Twitter\" ><span>Twitter<\/span><\/a><\/li><li class=\"share-end\"><\/li><\/ul><\/div><\/div><\/div>","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<div class=\"sharedaddy sd-sharing-enabled\"><div class=\"robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing\"><h3 class=\"sd-title\">Share this:<\/h3><div class=\"sd-content\"><ul><li class=\"share-email\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"\" class=\"share-email sd-button share-icon\" href=\"mailto:?subject=%5BShared%20Post%5D%20Bitcoin%20Exchanges%20can%27t%20work%20in%20Malaysia&body=https%3A%2F%2Fwww.bytebot.net%2Fblog%2Farchives%2F2014%2F02%2F04%2Fbitcoin-exchanges-cant-work-in-malaysia&share=email\" target=\"_blank\" title=\"Click to email a link to a friend\" data-email-share-error-title=\"Do you have email set up?\" data-email-share-error-text=\"If you&#039;re having problems sharing via email, you might not have email set up for your browser. You may need to create a new email yourself.\" data-email-share-nonce=\"83fd9aa4d7\" data-email-share-track-url=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=email\"><span>Email<\/span><\/a><\/li><li class=\"share-facebook\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"sharing-facebook-2867\" class=\"share-facebook sd-button share-icon\" href=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=facebook\" target=\"_blank\" title=\"Click to share on Facebook\" ><span>Facebook<\/span><\/a><\/li><li class=\"share-linkedin\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"sharing-linkedin-2867\" class=\"share-linkedin sd-button share-icon\" href=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=linkedin\" target=\"_blank\" title=\"Click to share on LinkedIn\" ><span>LinkedIn<\/span><\/a><\/li><li class=\"share-twitter\"><a rel=\"nofollow noopener noreferrer\" data-shared=\"sharing-twitter-2867\" class=\"share-twitter sd-button share-icon\" href=\"https:\/\/www.bytebot.net\/blog\/archives\/2014\/02\/04\/bitcoin-exchanges-cant-work-in-malaysia?share=twitter\" target=\"_blank\" title=\"Click to share on Twitter\" ><span>Twitter<\/span><\/a><\/li><li class=\"share-end\"><\/li><\/ul><\/div><\/div><\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_options":[]},"categories":[25,1,1405],"tags":[1634,1635,1636,137,309],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4vJD-Kf","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3040,"url":"https:\/\/www.bytebot.net\/blog\/archives\/2015\/01\/18\/bitcoin-in-malaysia-january-2015-edition","url_meta":{"origin":2867,"position":0},"title":"Bitcoin in Malaysia &#8211; January 2015 edition","date":"18\/1\/2015","format":false,"excerpt":"This is more for me, rather than anyone else (just like everything here), but its worth keeping track of the Bitcoin scene in Malaysia (at a time when Bitcoin is tanking). For Bitcoin news, its Bitcoin Malaysia - its no CoinDesk, but the founder, Colbert Lau, does evangelise Bitcoin quite\u2026","rel":"","context":"In &quot;The Malaysian Scene&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3251,"url":"https:\/\/www.bytebot.net\/blog\/archives\/2016\/07\/07\/evolution-of-bitcoin","url_meta":{"origin":2867,"position":1},"title":"Evolution of Bitcoin","date":"7\/7\/2016","format":false,"excerpt":"As videos go, I enjoyed the short and sweet Panel on The Evolution of Bitcoin held at Goldman Sachs. Bitcoin selling points by Balaji Srinivasan, CEO of 21 Inc and Board Partner at a16z: packet based money protocol unified way of transferring value every entity can have a bitcoin wallet\u2026","rel":"","context":"In &quot;General&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3404,"url":"https:\/\/www.bytebot.net\/blog\/archives\/2017\/12\/27\/december-2017-crypto-tab-sweep","url_meta":{"origin":2867,"position":2},"title":"December 2017 Crypto Tab Sweep","date":"27\/12\/2017","format":false,"excerpt":"Cryptocurrencies? Blockchains? I'm sure you've heard of them before by now, unless you're living under a rock. I'm an open source & database guy, so for me, I look at all this with a fine toothed comb. Probably doesn't help that I enjoy reading the FT on a daily basis.\u2026","rel":"","context":"In &quot;Tech&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3617,"url":"https:\/\/www.bytebot.net\/blog\/archives\/2021\/01\/30\/life-with-rona-2-0-days-4-5-6-7-8-and-9","url_meta":{"origin":2867,"position":3},"title":"Life with Rona 2.0 &#8211; Days 4, 5, 6, 7, 8 and 9","date":"30\/1\/2021","format":false,"excerpt":"These lack of updates are also likely because I've been quite caught up with stuff. Monday I had a steak from Bay Leaf Steakhouse for dinner. It was kind of weird eating it from packs, but then I'm reminded you could do this in economy class. Tuesday I wanted to\u2026","rel":"","context":"In &quot;General&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3438,"url":"https:\/\/www.bytebot.net\/blog\/archives\/2018\/05\/03\/vancouver-observations","url_meta":{"origin":2867,"position":4},"title":"Vancouver observations","date":"3\/5\/2018","format":false,"excerpt":"It has been a while since I visited Vancouver, British Columbia, Canada. This time I didn\u2019t go as a tourist, so no trip to Grouse Mountain or anything. While walking the streets, I overheard a conversation between 2 folk about how hard it was to buy Bitcoin. This is in\u2026","rel":"","context":"In &quot;Travel&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2403,"url":"https:\/\/www.bytebot.net\/blog\/archives\/2012\/06\/13\/on-why-singapore","url_meta":{"origin":2867,"position":5},"title":"On why Singapore","date":"13\/6\/2012","format":false,"excerpt":"Nathan Tinkler\u00a0(young Aussie, rags to riches story) has decided to call Singapore home. Why? Aside from the country\u2019s low taxes, clean government and pro-business environment, wealthy foreigners are also drawn by Singapore\u2019s low crime rate, highly developed infrastructure, and its lack of local tabloid media excesses. Following my themes a\u2026","rel":"","context":"In &quot;General&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts\/2867"}],"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}]}}