On 23 June 2025, Bursa Malaysia Derivatives Berhad (BMD) released the Trading Participants Circular 12/2025, announcing updates to Directive No. 6.25(1)-001. This directive outlines the list of foreign exchanges that Malaysian derivatives Trading Participants are permitted to access, in line with Rule 6.25(1)(b) of the BMD Rules.
The primary purpose of the Electronic Commerce Act 2006 is to provide legal recognition for electronic communications in the formation of contracts. In simple terms, it means that contracts made through emails, websites, or apps are recognised by law and are legally binding just like paper documents. The goal is to make it easier and safer to do business online by giving legal validity to electronic communications and transactions. More importantly, these electronic records can be used as valid proof to take legal action and resolve disputes.
In esports, Web3 and blockchain technology are set to transform how games are played, owned, and monetised. One of the most exciting developments is the use of NFTs (non-fungible tokens). These are unique digital certificates stored on the blockchain that prove who owns a particular digital item. Each NFT includes a unique ID and metadata that cannot be copied or altered.
Things like an in-game sword, a video highlight of a clutch play, or a rare digital trading card can become NFTs. The blockchain keeps a permanent record of who owns each item, even if the image or video itself isn’t stored on the blockchain.
The recent decision by the High Court in Luno Malaysia Sdn Bhd v Yew See Tak has revisited and overturned key findings made at the Sessions Court, raising significant questions about the duty of care owed by cryptocurrency platforms to their users in the context of unauthorised transactions. This commentary analyses the High Court’s reasoning and its implications on digital asset platforms operating under Malaysian law.
The recent decision by Sessions Court judge Sazlina Safie in the case of Yew See Tak v Luno Malaysia Sdn Bhd raises significant legal questions regarding the duty of care owed by cryptocurrency platforms to their users, particularly in the context of unauthorised transactions. This commentary will explore the legal principles underlying the judgment, the implications for financial service providers in the digital asset space, and the potential avenues for appeal.
Written by Richard Wee and Sangitha Gnanaguru In the evolving world of digital currencies, where anonymity and transparency coexist, the United States District Court for the District of Columbia faces an intriguing case. At the…
Written by Richard Wee, Muhammad Anwar, Ng Chin Yang, Lim Zhi Ying, Ashleshaa Introduction Financial technology, or mainly known as Fintech has been a booming industry ever since the strike of Covid-19 when contactless transactions…
Written by Richard Wee, Muhammad Anwar, Ng Chin Yang, Lim Zhi Ying, Ashleshaa Introduction Financial technology, or mainly known as Fintech has been a booming industry ever since the strike of Covid-19 when contactless transactions…
Written by Richard Wee, Muhammad Anwar, Ng Chin Yang, Lim Zhi Ying, Ashleshaa Introduction Financial technology, or mainly known as Fintech has been a booming industry ever since the strike of Covid-19 when contactless transactions…
Written by Richard Wee, Muhammad Anwar, Ng Chin Yang Introduction In the dynamic realm of cryptocurrencies, a legal clash has emerged over the ownership rights to Crypto and Fiat Assets. This case dives into the…
