Malaysia Revokes License of Balaji Srinivasan's Network School

The Malaysian government has revoked the operating license of Network School, founded by US-based investor Balaji Srinivasan. An official stated that the decision was made on the grounds that the school did not comply with local regulations. Network School was known as an institution focused on technology and entrepreneurship education. The license revocation has led to the suspension of the school's operations in Malaysia. The official noted that the decision was implemented in accordance with legal procedures and that necessary notifications were made to relevant parties. Balaji Srinivasan previously served as an executive at Coinbase and is a well-known figure in the cryptocurrency sector. Network School's activities in Malaysia were being evaluated within the framework of the country's education and investment policies. The official did not provide details on whether any legal proceedings would be initiated following the license revocation. The incident may raise questions about the regulatory environment for foreign investors in Malaysia. This development comes at a time when Malaysia is tightening oversight of foreign educational institutions. Network School's future plans and potential appeal processes remain unclear. Investors assess that such regulatory actions could also affect other foreign ventures in the region. This is not investment advice.