Posts From Vincent Fong

How is Malaysia’s Equity Crowdfunding Scene Doing in 2019?

Equity crowdfunding in Malaysia was brought to the mainstream when Securities Commission Malaysia became one of the first within the region to introduce guidelines to regulate the space. It is part and parcel of the regulator’s strategy to provide a

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UOB Sees Double Digit Growth in Digital Payments in Malaysia

UOB Malaysia today reported that its customers’ use of digital payment methods in 2018 has grown by almost 50 per cent over the year before. This increase reflects changes in the way customers’ choose to make payments, a report compiled

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Securities Commission Malaysia Seeks Feedback for ICO Regulation

In recognition of the growing public interest in ICOs, its increasing popularity among business seeking to raise funds and a need for a well regulated space, the Securities Commission Malaysia  (SC) has issued a consultation paper to seek the public feedback

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22 Crypto Exchanges Now Seeking Approval from Securities Commission Malaysia

Securities Commission Malaysia has unveiled the list of crypto exchanges that have opted to continue operations following its earlier imposed deadline for exchanges to seek regulatory approval by 1st March 2019. Out of the 42 exchanges who were in the

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Maybank Aims to Convert Its 4.5 Million Mobile Users to Their New E-Wallet MAE

Maybank officially launched its new e-wallet MAE today, though many e-wallet enthusiasts would have already gotten their hands on it yesterday. MAE which is short for “Maybank Anytimes, Everyone” seems to be Maybank’s answer to Malaysians’ increased interest in e-wallets.

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Meet the 56 Cryptocurrency Exchanges in Malaysia Registered with BNM

Bank Negara Malaysia has published the list of cryptocurrency exchanges in Malaysia that has registered itselves as a reporting entity with the regulator. This follows our report issuance of the policy paper titled “Anti-Money Laundering and Counter Financing of Terrorism Policy

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Malaysians Will Soon Be Able to Use Their Boost E-Wallet in Singapore and Thailand

Thanks to a partnership agreement signed between Axiata Digital’s Boost e-wallet and Singtel’s VIA alliance, Malaysians will soon be able use their Boost mobile wallet to make payments in Singapore and Thailand. VIA was launched by the Singtel Group in

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SC Finally Reveals its Anticipated Regulations for Crypto Exchanges

January has been no picnic for Malaysia’s crypto-exchanges, with the possibility of RM10 Million fine and 10 years jail time looming over them ever since the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 was

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Sydney Startup Hub: What Malaysia Can Learn from Australia’s Mega-Hub

Recently I had the pleasure of joining the ASEAN Tech Challenge which was organised by The Australian Trade and Investment Commission and the New South Wales Government. Held in Sydney the ASEAN Tech Challenge is a platform for Australian startups

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Suprisingly, Malaysia Outperforms China in Government E-Payment Adoption

When one thinks about the most advanced countries in the world in the payments space, countries like China, Sweden and Australia often comes to mind. Malaysia is not among the countries that would typically occupy the mindshare of most. However,

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