PETALING JAYA: Tokenize Technology (M) Sdn Bhd is confident that its move to impose the Sales and Service Tax (SST) on trading fees on its platform be.
KUALA LUMPUR (Feb 5): Police arrested nine local men on suspicion of being involved in a cryptocurrency investment fraud syndicate, resulting in losses amounting to about RM2.8 million, in several raids in Penang, Selangor and Kuala Lumpur on Wednesday.
Bukit Aman Commercial Crime Investigation Department director Datuk Zainuddn Yaacob said all the suspects, aged 34 to 62, were arrested between 6.20am and 8am that day and are believed to be involved in an investment scheme known as Emas Fintech.
He said the syndicate was believed to have been operating since April last year by offering returns on investments of 10 to 15% per month and promising a supposedly secure currency trading system as well as a sophisticated system to attract the public.