Malaysia
Malaysian authorities carried out three raids in Teluk Intan and confiscated 41 cryptocurrency mining machines. Police are tracing the equipment's owners and investigating who operated the illegal setups.
Standard Chartered Malaysia and Capital A, parent of AirAsia, will issue and pilot a ringgit-pegged stablecoin focused on wholesale use cases, aiming to test tokenised fiat for institutional settlement and liquidity management.
The eldest son of Malaysia’s billionaire king plans to launch a stablecoin pegged to the Malaysian ringgit, signaling a push for local fiat-backed digital assets in the Asia‑Pacific. The announcement could boost ringgit use in crypto payments while drawing regulatory scrutiny.
Fasset has been granted a provisional banking license in Malaysia, marking the launch of the first stablecoin-powered Islamic digital bank targeting Asia and Africa with innovative Shariah-compliant services and cryptocurrency integrations.