Bitcoin Trading Surges as Malaysia Mulls Cash Payment Limit

The peer-to-peer trade volumes of bitcoin spiked in Malaysia as their central bank discussed the prospects of capping cash transactions.  The Central Bank of Malaysia announced this week that it is going to introduce a cash transaction limit of RM25,000 (~$6,000) starting next year. Deputy Governor Datuk Abdul Rasheed Ghaffour said all transactions that involve physical […]

Continue Reading

No Cash For Sale: In World First ‘Bitcoin’ City

The UK’s Sun newspaper is touting the ‘World’s first Bitcoin city’ today, where all cash is banned. Backers of the venture hope that Melaka Straits City in Malaysia will attract 3 million crypto-tourists per year. Take Me Down To The Bitcoin City… Visitors will be able to exchange their normal money for digital currency when they arrive. proclaims […]

Continue Reading