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Network School, an educational initiative established by former Coinbase Chief Technology Officer Balaji Srinivasan, must stop operating in Malaysia’s Forest City after Johor state cancelled its business licence, according to Reuters. The closure order takes effect on July 22.
The move comes after state authorities investigated allegations related to the presence of Israeli participants at the facility. While the probe prompted regulatory action, Malaysia’s immigration authorities said the individuals inspected were carrying valid travel documents.
Source: Reuters