Blog
SC Imposes Deadline For Crypto Exchanges Before They are Deemed Illegal
The issue of digital currency and assets regulation came into mainstream focus when Finance Minister Lim Guan Eng announced that Order 2019 will activate starting from the 15th January 2019. Soon after, the Securities Commission (SC) issued their own statement about the
Read More
Zurich Partners up with Malaysian Startup to Provide Afterlife Planning to Customers
Zurich Malaysia just partnered up with Malaysian startup Bereev, an online legacy platform aiming to help Malaysians plan for their inevitable death. The team up makes a lot of sense since insurance and afterlife planning definitely go hand-in-hand. Bereev’s web-based application
Read More
PitchIN Owns 75% of The Equity Crowdfunding Market in 2018
At the pitchIN ECF Report 2018, CEO Sam Shafie revealed that the company has retained their position as the leading equity crowdfunding operator in 2018, in terms of successful campaigns raised. The number of successful deals done by the entire ECF
Read More
4 Big New Features You Can Expect from Your E-Wallets in 2019
PayNet Malaysia handles much of the underlying network for payments and banking in Malaysia. Owned by both Bank Negara Malaysia and a consortium of banks. The once controversial DuitNow launched by many Malaysian banks is one facet of the relationship between
Read More
SC Provides Update on LGE’s Digital Currencies and Tokens Announcement
Following the statement by the Minister of Finance YB Lim Guan Eng on the coming into force of the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, the Securities Commission Malaysia (SC) clarified that
Read More
LGE: RM10 Mil Fine & 10-Year Jail Time for Crypto-Exchanges Operating Without License
Finance Minister Lim Guan Eng announced that Order 2019 would be effective starting from Tuesday (15th January 2019). This means that anyone caught operating unauthorised initial coin offerings (ICOs) or digital asset exchanges face a 10-year jail sentence and an
Read More
After Horse Currency, Now Country Heights’ New Project Is the Unicorn Wallet for Crypto
Following the announcement of Dato’ Lee Kim Yew’s Horse Currency meant to serve as something of a rewards programme for Country Height’s various properties, the tycoon returns to fintech headlines with a related venture—a crypto-wallet. Named the Unicorn Wallet, Lee Kim
Read More
Alipay Powers Blockchain Remittance Service Between Malaysia and Pakistan
Telenor Microfinance Bank, in partnership with Valyou Malaysia, has introduced a blockchain-based cross-border remittance service, developed by Alipay, the online payment platform operated by Ant Financial. The blockchain remittance service is provided by Telenor’s Easypaisa and Valyou, a financial technology
Read More
Why an Overhaul in Cyber Security Mindset is Crucial for Banking
In an increasingly connected world the need for a robust cyber-security in the banking sector is more important today than it has ever been. While banks of the past defended themselves from malicious actors with better vaults, exploding dye packs
Read More
Digi and Mastercard Working Together on Digital Payments Card for Launch Early 2019
Digi, with Mastercard serving as the technology partner will offer a digital prepaid card—to be released for public use sometime in the first half of the year. The card is also developed with ManagePay (MPay). According to a press release, the
Read More