Chinese Man Abducted in Malaysia: Kidnappers Demand $1M in USDT
Six Malaysian nationals, including four people and a married couple, were accused of kidnapping a Chinese national and holding him ransom in Tether's USDT stablecoin.
Key Takeaways: The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly supporting cryptocurrency adoption. ASEAN Countries like Thailand, Singapore, etc., are highly optimistic on Cryptocurrencies and Blockchain Technology. The Minister of Communications is supporting along with the deputy ministerโฆ
Key Takeaways: Malaysia is not yet ready to accept cryptocurrencies as its legal tender, as can be made from the statement of its Deputy Minister. The Malaysian Government doesnโt want to disturb the stability of the economy of the countryโฆ