Tag "Securities Commission Malaysia"

Luno Offers Bitcoin Cash for Trading Following Approval From the SC

Luno announced that it is the first digital asset exchange in Malaysia to be approved by the Securities Commission Malaysia to offer Bitcoin Cash (BCH) for trading on its platform. Chin Wei Min, Executive Director for Digital Strategy and Innovation

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Securities Commission Says Regulated Crowdfunding Markets Raised RM1 Billion

The Securities Commission Malaysia (SC) announced at its virtual SCxSC fintech conference that more than 2,500 Micro, Small and Medium Enterprises (MSMEs) have raised more than RM1 billion through the regulated crowdfunding markets of the Malaysian capital market. Since the

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Securities Commission Inks Fintech Cooperation Agreement With OJK Indonesia

The Securities Commission Malaysia (SC) signed a fintech cooperation agreement with Indonesia’s Otoritas Jasa Keuangan (OJK) to establish a collaborative framework to develop the fintech ecosystem in both markets. OJK Indonesia is an Indonesian government agency that regulates and supervises

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Securities Commission Malaysia Cautions Against Illegal Crypto ATMs

The Securities Commission Malaysia (SC) cautioned the public against the usage of Crypto ATMs. Crypto ATM are machines that allows individuals to buy and/or sell digital assets like Bitcoin and Ethereum, and XRP. These machines are installed in various locations in

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Securities Commission to Allow for E-Wallets to Sell Capital Market Products; TNG eWallet Welcomes the Move

The Securities Commission Malaysia (SC) announced today that it will facilitate the online distribution of capital market products such as unit trusts, through e-Services platforms like e-wallet or e-payment service providers. The Guidelines on Recognized Markets has been amended to

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Securities Commission and Bursa Malaysia Sets up a Regulatory Subsidiary

The Securities Commission Malaysia (“SC”) and Bursa Malaysia Berhad (“Bursa Malaysia”)  announced Tuesday that Bursa Malaysia will establish a wholly-owned subsidiary (“Bursa RegSub”) to assume the regulatory functions currently undertaken by Bursa Malaysia. SC’s chairman, Datuk Syed Zaid Albar shared

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12 Fintech Events Happening in Malaysia You Need to Check Out in 2019

This list is now outdated, check out our 2020 list Fintech Events in Malaysia You Should Consider Attending in 2020 Malaysia is a home to a small, but robust fintech community, ranging from startup founders to bankers with a keen

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Securities Commission and Bank Negara Working to Bring ICOs Under Securities Law

To implement the regulatory framework on digital assets—be it tokens or cryptocurrency—the Bank Negara (BNM) and the Securities Commission Malaysia (SC) will enter into coordination arrangements to ensure compliance with laws and regulations under the purview of both regulators. The SC

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Malaysian Fintech Startups are Well-Positioned for Regional Expansion

Amidst rising interest in fintech, startups in this vertical have been dished a rude awakening to abide by tightening guidelines and protocols set by regulatory institutions. Disregarding stricter protocols, such as e-Know Your Customers (e-KYC), could be detrimental to all

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Malaysian Regulators: Raising ICOs in Malaysia Could be an Offense

In a joint-statement issued by Bank Negara Malaysia (BNM) and Securities Commission Malaysia (SC) today, the regulators stated that Initial Coin Offering (ICO) schemes may fall under the jurisdiction of the regulators. Both the regulators warned ICO issuers that carrying

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