Malaysia draw up framework for cryptocurrencies

Malaysia has initiated work on a regulatory structure for digital currencies as bitcoin
22 November 2017   1333

Governor of the Central Bank of Malaysia stated that from next year those converting cryptocurrencies into conventional currency will be designated as “reporting institutions” in accordance with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act.

The central bank also reports that institutions are bound by law to undertake preventive efforts to avoid their firms from being used as a channel for money laundering and terrorism financing activities.

This is to prevent the abuse of the system for criminal and unlawful activities and ensuring the stability and integrity of the financial system.

 

Tan Sri Muhammad bin Ibrahim

Governor of the Central Bank of Malaysia

However, the date of regulations implementation has not been announced yet.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   146

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.