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Business license revoked for Network School, founded by the former Coinbase CTO in Johor, Malaysia

2026-07-21 12:08:32

Abstract generation in progress

According to a report from Mars Finance, on July 21, Reuters reported that the Chief Minister of Malaysia’s Johor state said on Tuesday that the Johor state government has noted and fully supported the decision made by the special meeting at the municipal hall: revoking the business license of NS0 Malaysia Sdn. Bhd. (Network School) located in Forest City and ordering it to stop all activities starting July 22, 2026. He said the decision was made in accordance with due process and relevant legal provisions, and was finalized after a comprehensive review of the enforcement inspection report, the investigation findings, and the statement submitted by the company. Network School had previously drawn widespread attention due to allegations on social media. Some netizens claimed that the project received participants from Israel, while Malaysia and Israel have not established diplomatic relations.

COIN9.52%

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