Chinese authorities have nabbed more than 1,100 suspects for using cryptocurrencies to launder money illegally gained from telephone and Internet scams, China’s Ministry of Public Security said, accor…
El Salvador Approves Bitcoin As Legal Tender In Historic Legislative Vote
The tiny Central American country of El Salvador has become the first in the world to adopt bitcoin as legal tender after its Congress voted overwhelmingly (62 out of 84 lawmakers) in favour of it. &#…
GrabPay E-Wallet Now Supports DuitNow QR
The GrabPay e-wallet is now integrated with DuitNow QR, enabling consumers to use the app at any merchant which supports the national QR standard. For those who still don’t know, DuitNow QR is simply …
Trump Calls Bitcoin A Scam, Claims It Competes With The US Dollar
Former US President Donald Trump has described bitcoin as a “scam” and claimed that the cryptocurrency competes with the US dollar. Unsurprisingly, he said he wanted the dollar to be “the currency of …
European Union Aiming For Bloc-Wide Digital ID Wallet
The European Union (EU) intends to launch a digital ID wallet that combines identification and payment functions into a single app. The ambitious wallet, proposed by the EU’s executive commission, wou…
China Is Trialling Its Digital Currency Using A Lottery
The city government of Beijing will be holding a lottery this month to award free e-wallets containing 200 digital yuan (~RM129) to winners as part of the country’s trials of its digital currency. Pre…
Axiata And RHB Formalise Partnership To Apply For Digital Bank License
Axiata Group and RHB Bank today made official their partnership aimed at obtaining a digital bank license from Bank Negara Malaysia (BNM). To that end, Axiata subsidiary Boost Holdings Sdn Bhd inked a…
Axiata And RHB Bank To Partner In Applying For Digital Bank License
Axiata Group is partnering with RHB Bank to apply for a digital bank license from Bank Negara Malaysia (BNM), two knowledgeable sources reportedly told Reuters. As mentioned before, BNM is currently a…
Boost E-Wallet Reactivates Ability To Send Duit Raya Via App
The Boost e-wallet is reactivating its e-Duit Raya feature in time for this year’s Raya festivities, allowing users to send and receive e-Duit Raya to/from family and friends for a month starting from…
Bank Of England Governor Warns Crypto Investors That They May Lose All Their Money
Interest in cryptocurrencies may be surging but there are still notable skeptics out there. Bank of England Governor Andrew Bailey warned cryptocurrency investors that they risk losing all of their mo…
HSBC Malaysia Launches EZInvest Unit Trust Investment Platform On Its Mobile App
HSBC Malaysia has launched EZInvest, a platform on its mobile app that will enable customers to make unit trust investments at any time of the day or week. The feature is available to all HSBC Malaysi…
Survey Shows Southeast Asian Social Media Users Don’t Want Their Financial Info Stored Online
A whopping 76% of social media users said they would choose not to store their financial information online, according to a Kaspersky-YouGov survey of several Southeast Asian countries, including Mala…