Balaji seeks Malaysia deal, threatens exit after Network School probe

“If we are not welcome, there are many other countries that would welcome us,” said Network School founder Balaji Srinivasan in a message to the Malaysian prime minister.
Network School founder Balaji Srinivasan is seeking a memorandum of understanding with Malaysia after authorities probed his Forest City tech community over allegations it was hosting Israeli citizens using second passports.
Malaysia’s Home Affairs Ministry said Tuesday it was investigating Srinivasan’s start-up community in Johor following claims it included Israelis in violation of immigration laws. Initial checks found all 266 foreigners held valid documents.
Srinivasan said the agreement would give Network School legal certainty to continue investing in Malaysia. Without it, he said, the community could take its capital to countries that are more welcoming.
Source: Cointelegraph →Related News
- 2 hours ago
Robinhood in talks with Crypto.com over prediction markets: WSJ
- 5 hours ago
Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program
- 7 hours ago
Wise to resubmit US charter application under GENIUS Act
- 7 hours ago
Wise expected to resubmit US charter application under GENIUS
- 10 hours ago
North Korea arrests bank hacking ring tied to crypto laundering: Report
