Bank Negara Malaysia (BNM) will issue a proposal on how to regulate the use of cryptocurrencies early in 2018. The Malaysian central bank has been discussing how best to regulated digital currencies for quite some time. These new proposals are welcomed by industry players. BNM Governor, Tan Sri Muhammad Ibrahim,…
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DBS, One of Asia's Largest Banks, Claims Bitcoin is a Ponzi Scheme
Several legacy or traditional financial institutions turn their noses up at Bitcoin with the feeling that the world's most known decentralized cryptocurrency is fraudulent and should be considered as a Ponzi scheme. At the Singapore FinTech Festival, DBS's group chief information officer BS said to CNBC: Bitcoin is a Ponzi…