Tag "Securities Commission Malaysia (SC)"

Securities Commission, UNCDF Rolls Out Islamic Fintech Accelerator Programme

The Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Center for Financial Health programme, today launched an accelerator  to develop the Islamic fintech innovation ecosystem in Malaysia’s Islamic capital market (ICM). The programme, known

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Malaysia Co-Invested RM 165 Million on ECF and P2P Financing Notes through MyCIF

The Malaysia Co-Investment Fund (MyCIF) has co-invested RM165 million in 5,349 Equity Crowdfunding (ECF) and Peer-to-Peer Financing (P2P) campaigns, benefitting 1,197 Malaysian micro, small and medium enterprises (MSMEs) by the end of 2020. Since its October 2019 inception, these co-investments

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Securities Commission Seeks to Block Access to Remitano for Illegally Offering Crypto Services

The Securities Commission Malaysia today issued a statement today saying that they have reprimanded Remitano for operating a digital asset exchange in Malaysia without authorisation from the SC. The SC said that it views this transgression as serious and is

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Securities Commission Malaysia’s IEO Guidelines Comes into Force Today

The Securities Commission Malaysia (SC) has revised its Guidelines on Digital Assets (Guidelines), which came into force today to regulate Initial Exchange Offerings (IEO) and Digital Asset Custodians (DAC). SC said that the Guidelines will facilitate the SC’s objectives in

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SC to Seek Feedback on Regulatory Framework for Digital Asset Wallet Providers

The Securities Commission Malaysia (SC) is seeking industry feedback on the regulatory framework for digital asset wallet providers, which will complement the existing frameworks for Digital Asset Exchange (DAX) and Initial Exchange Offering(IEO). Digital asset wallet providers are entities that

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LaVida Coin Ordered to Cease Activities by Securities Commission

The Securities Commission Malaysia (SC) has issued a notice for Dato’ Vida’s LaVida Coin to cease all promotional activities with immediate effect. This news follows the regulator’s previous announcement that it was reviewing LaVida Coin for possible breach of securities

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Securities Commission Malaysia Welcomes New Applications for ECF and P2P Lending

The Securities Commission Malaysia (SC) has announced that it welcomes new applications for Equity Crowdfunding (ECF) and P2P lending. This follows their previous call for more industry participation during their Annual Report press conference earlier this year. This announcement signals

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SC Opens Up Application For New P2P Lending and ECF Players

Tan Sri Ranjit Singh announced that the Securities Commission Malaysia will be widening access to alternative based investing avenues like Peer-to-peer (P2P) lending and Equity Crowdfunding as a part of their continued effort to democratise access to investment and fostering

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What Are Malaysia’s Top 5 Banks Doing About Fintech?

With the wave of new fintech companies entering Malaysia, a question that often pops up in conversation is whether the banks are asleep on the wheels or are they actively beefing up their tech portfolio in response. The Fintech News

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Fintech in Malaysia 2018 – January News Roundup

Malaysia’s fintech scene is becoming increasingly active, it is sometimes difficult to keep track of all the important events, we figured it might be useful to our readers to do a summary. Here are some news roundup for the month

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