Tag "securities commission"

How Securities Commission Malaysia Balances Innovation and Risk in Regulating Fintech
Editor's Pick Regtech/Regulation

How Securities Commission Malaysia Balances Innovation and Risk in Regulating Fintech

Innovation in fintech is happening at breakneck speed and for entrepreneurs to be able to thrive and introduce these innovations, the right environment has to be set in place. This unenviable task often lands on the desks of regulators who

Read More
Kenanga Investment Bank Acquires ETF Fund Manager i-VCAP
Various

Kenanga Investment Bank Acquires ETF Fund Manager i-VCAP

Kenanga Investment Bank Bhd has acquired i-VCAP Management Sdn Bhd via its wholly owned subsidiary Kenanga Investors Bhd (KIB) following approval by the Securities Commission of Malaysia. i-VCAP is a Shariah-compliant investment management services provider primarily focused on Islamic exchange-traded

Read More
Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products
E-Wallets WealthTech

Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products

Touch ‘n Go (TNG) Group’s subsidiary TNG Digital Sdn Bhd (TNGD), has emerged as the first e-wallet to be granted a conditional approval to operate as a Recognised Market Operator (RMO) by the Securities Commission of Malaysia (SC). TNG said

Read More
SC Malaysia Clarifies: A Crypto-Asset is Only A Security if Used in Specific Ways
Blockchain/Bitcoin

SC Malaysia Clarifies: A Crypto-Asset is Only A Security if Used in Specific Ways

Due to confusion that has come out regarding cryptocurrency within the past few weeks, the Securities Commission Malaysia has invited Fintech News Malaysia over to clarify on certain positions it holds regarding digital assets. One of the biggest revelations is

Read More
SC Imposes Deadline For Crypto Exchanges Before They are Deemed Illegal
Blockchain/Bitcoin

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
LGE: RM10 Mil Fine & 10-Year Jail Time for Crypto-Exchanges Operating Without License
Blockchain/Bitcoin

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
7 Cool Blockchain Projects Made Right Here in Malaysia
Blockchain/Bitcoin

7 Cool Blockchain Projects Made Right Here in Malaysia

Besides ‘big data’ and ‘artificial intelligence’, the trendy buzzword in tech now is also blockchain, which the collective industry has finally realised can do more than just back cryptocurrency coins. And it is always interesting to see blockchain applications that

Read More
Securities Commission Takes Action Against Unauthorised P2P Platform LendingStar
Malaysia Various

Securities Commission Takes Action Against Unauthorised P2P Platform LendingStar

The Securities Commission Malaysia (SC) has ordered LendingStar to cease all activities with immediate effect, in a directive issued on the 23rd of July 2018. SC’s decision follows an inquiry which revealed that LendingStar is not registered to run in a recognised

Read More