Well it basically means Malaysians paypal accounts can no longer transfer to another Malaysian paypal account in other currencies other than Malaysian Ringgit. It will be converted if it was done and ... at the moment I am finding out whats the conversion rate but I do conversion regularly in my paypal account between USD and other major currencies..and it doenst look good.

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Added on October 16, 2009, 11:51 amIf your transaction involves a currency conversion, it will be completed at a foreign exchange rate PayPal obtains from a financial institution, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% processing fee above the exchange rate, and the processing fee is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.

This post has been edited by kevy: Oct 16 2009, 11:51 AM

Yes you can use malaysian registered paypal in other countries. But why would you do that? Lets say for Australia, once you have a local bank account (I am sure you will open one there right?) Paypal can be verified using just a local Australian bank account. Same goes with US. And besides their fees are heaps cheaper in most situations. ..