Tag "securities commission"

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

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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

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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

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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

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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

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