Blockchain/Bitcoin

SC Registers Two Initial Exchange Offering (IEO) Operators

The Securities Commission Malaysia (SC) today announced that it has registered two Initial Exchange Offering (IEO) operators, Kapital DX Sdn Bhd and Pitch Platforms Sdn Bhd, to promote responsible innovation in the digital assets space. The registered IEO operators will

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Luno Launches Early-Stage Investment Arm to Back Over 200 Fintech Startups

Luno, a wholly-owned subsidiary of Digital Currency Group (DCG), announces the launch of Luno Expeditions, a global, early-stage investment arm for fintech, crypto and web3 startups. The investment arm will now spearhead all of DCG’s early stage investing. The team

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Binance Takes Strategic Stake in Malaysian Crypto Exchange MX Global

MX Global today announced an equity investment into the company from Binance, one of the world’s largest crypto exchanges. In addition, MX Global also landed another investment for Redeemable Convertible Preference Shares (RCPS) into the company by Cuscapi Berhad, a

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Luno Rakes up Over Half a Million Malaysian Users in 2021

Malaysian digital asset exchange Luno announced that it had garnered more than 600,000 customers at the end of November 2021. Luno said in a statement that this is a marked increase of over 233% year-on-year (YoY) from around 180,000 customers

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Malaysian Crypto Startup Torum Secures Investment from KuCoin

Torum, a crypto startup who describes itself as a SocialFI Metaverse ecosystem for cryptocurrency users and projects announced today that they have secured a undisclosed sum of strategic investment from KuCoin Labs, the US$ 50 Million incubator and research of

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SC Issues Cease and Desist to Rimau Swap for Illegally Operating a DEX

Following information received from the public, the Securities Commission Malaysia (SC) has issued a cease and desist order to RimauSwap for operating a Decentralized Exchange (DEX) without authorisation from the SC. The SC will also seek the assistance of the Malaysian

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62% of Malaysians Open to Investing in Cryptocurrencies

Luno, a regulated digital asset exchange in Malaysia, announced the completion of an online nationwide survey aimed at understanding the financial management habits of everyday individuals. Conducted by YouGov, the data was collected from more than a thousand Malaysian adults

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MX Exchange Gets Green Light to Trade Cryptos, Appoints Former MDEC C-Level as CEO

MX Exchange has been granted full approval by the Securities Commission Malaysia (SC) to operate as Recognised Market Operator-Digital Asset Exchange (RMO-DAX) for the trading of cryptocurrencies in Malaysia, making it the fourth DAX permitted to operate in Malaysia. The

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Green Packet’s OCIB Plunges Into Crypto With Conditional Investment Bank License

Oasis Capital Investment Bank (OCIB), a fully-owned subsidiary of Green Packet has been awarded the conditional investment bank license from the Labuan Financial Services Authority (LFSA). The company is looking to specialise in digital asset portfolio advisory, management services as

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Malaysian Crypto Platform Torum Bags Investment by Huobi Ventures

Torum, DeFi and NFT social media platform that is specially designed for cryptocurrency users, announced an undisclosed strategic investment by Huobi Ventures, the US$100 million venture arm of Huobi Group, to foster blockchain adoption and ecosystem expansion. On the eve

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