MDEC to revoke Malaysia Digital status of Network School operator
The Malaysia Digital Economy Corporation (MDEC) is revoking the 'Malaysia Digital' status of NSO Malaysia following the revocation of its business license by local authorities. The company faced social media allegations regarding potential links to foreign political agendas.
Why it matters
The move underscores the Malaysian government's strict enforcement of regulatory compliance for digital investment entities.
There had been allegations on social media that Network School was linked to an Israeli agenda to establish a foothold in Malaysia through cryptocurrency-related investment. (Network School pic)
KUALA LUMPUR: The Malaysia Digital Economy Corporation (MDEC) is taking immediate steps to revoke the Malaysia Digital status of NSO Malaysia Sdn Bhd, which operates Network School in Forest City, Iskandar Puteri, Johor.
MDEC said in a statement that the action followed the decision of the Iskandar Puteri City Council (MBIP) to revoke NSO's business licence.
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