Malaysia | Crypto

The funding supports a dual-licensed platform as Malaysia expands its regulatory framework for digital assets and tokenization. Bybit has led an $8 million Series A funding round in Hata, a dual-licensed digital asset exchange operating in Malaysia. The round also included participation from global family offices and follows Bybit’s earlier investment in Hata’s $4.2 million seed round. According to Monday’s announcement, the funding will be used to improve liquidity, expand the user base and develop additional digital asset products. Hata operates under licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority, allowing it to offer trading and custody services for digital assets in the Southeast Asian country. Read more

Johor’s Crown Prince has entered digital assets with RMJDT, a ringgit-backed stablecoin on Zetrix, and a $121M–$242M treasury plan as Malaysia has expanded its crypto treasuries and regulation even while global digital-asset inflows have slowed and some treasury-focused stocks have lagged, recently. The post Malaysia’s Crown Prince Launches $121M Crypto Treasury – Despite Bubble Fears appeared first on Cryptonews.

Malaysia’s crown prince launched a stablecoin on Zetrix and a $121 million digital asset treasury modeled after MicroStrategy, despite sector bubble fears. The eldest son of Malaysia’s billionaire king is launching a stablecoin pegged to the national currency, targeting payments across the Asia-Pacific region. Bullish Aim, a telecom company owned by Ismail Ibrahim, the son of Sultan Ibrahim Iskandar of the Johor royal family, on Tuesday announced the launch of RMJDT, a new stablecoin backed by the Malaysian ringgit, the country’s fiat currency. The stablecoin is set to be issued on Zetrix, a layer-1 blockchain designed to connect governments, businesses and individuals to the Web3 economy with a focus on cross-border integration, particularly in China. Read more

Malaysia unveils a regulatory sandbox for programmable payments and ringgit-backed stablecoins, aiming to position itself as a regional fintech hub. Malaysia has launched its Digital Asset Innovation Hub initiative, which will serve as a regulatory sandbox, enabling fintech and digital asset firms to test new technologies under the oversight of the country’s central bank. On Tuesday, Prime Minister Anwar Ibrahim announced the initiative during the Sasana Symposium 2025 in Kuala Lumpur, according to a report by The Business Times. He described the hub as the “beginning of a new chapter” for Malaysia’s digital economy. Ibrahim said the sandbox will allow use cases such as programmable payments, ringgit-backed stablecoins and supply chain financing to be explored in a controlled environment. Read more

Malaysia’s crypto mining has gained from low industrial tariffs and rising institutional interest, according to ACCESS. The group says formal licences could unlock RM700 m in hardware spending, create 4,000 jobs, and yield RM150 m in annual tax, but unchecked power theft has already cost TNB RM441 m.   The post Malaysia’s Crypto Mining to Soar 110% in 2025 as $100 Million Power Theft Persists appeared first on Cryptonews.

Malaysia’s top energy provider says illegal crypto mining is straining the grid, with electricity thefts tripling since 2018.