Johor state in Malaysia has asked the federal government to investigate Network School, a private residential community founded by former Coinbase chief technology officer Balaji Srinivasan, according to BFM News. The request follows allegations that some Israeli citizens joined the project using third-country passports. State authorities have asked the Home Ministry and related enforcement and security agencies to verify the identities, nationalities, and entry purposes of the individuals involved. They also want to determine whether the project’s operations require registration or official approval under Malaysian law. In parallel, authorities plan to review whether the site complies with rules covering venue permits, building use, land use, accommodation operations, and commercial activities. Johor said legal action will be taken if any violations are found. Network School is located in Forest City, Malaysia, and is described as a private residential community built around Srinivasan’s “Network State” concept. Membership starts at $1,500 per month and includes lodging, meals, fitness facilities, and co-working services.
Johor state in Malaysia has asked the federal government to investigate Network School, a project founded by former Coinbase chief technology officer Balaji Srinivasan, according to BFM News.
The move follows allegations that some Israeli citizens took part in the project using third-country passports.
Johor has asked the Home Ministry, along with relevant enforcement and security agencies, to verify the identities, nationalities, and entry purposes of the people involved. Authorities will also examine whether Network School’s operations need to be registered or approved under Malaysian law.
State authorities are separately reviewing whether the project complies with regulations covering venue permits, building use, land use, accommodation operations, and commercial activities. If any violations are found, action will be taken in accordance with the law.
Network School is located in Forest City, Malaysia. Founded by Balaji Srinivasan, it is a private residential community built around his “Network State” concept. Membership starts at $1,500 a month and includes lodging, meals, fitness facilities, and co-working services.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
