Tagged: malaysia

Sustainable Energy Development Authority Malaysia to use Power Ledger’s Peer to Peer Energy Trading Platform

The Sustainable Energy Development Authority Malaysia (SEDA) has agreed to a pilot trial to test the feasibility of solar energy trading in the Malaysian energy market using Power Ledger’s blockchain-based platform. The trial will kick off later this year and run for 8 months. Power… Read More

Stripe Announces Launch in Malaysia

Payments platform Stripe announced on Monday it has launched its services in Malaysia. Stripe reported that businesses throughout the country may now easily accept and manage payments, as well as have access to the full Stripe stack, which includes Billing, Connect, Radar and Sigma. “More… Read More

The Securities Commission Malaysia Approves EdgeProp as First Property Crowdfunding Platform in Malaysia

The Securities Commission Malaysia (SC) has registered EdgeProp Sdn Bhd as the first “Recognised Market Operator” to establish and operate a property crowdfunding platform in Malaysia. EdgeProp was granted an approval in principle in September 2019. EdgeProp currently provides a portfolio of services for the… Read More

Report: Factors Influencing Malaysian Investors to Invest in Peer to Peer Lending Platforms

The Asian Development Bank (ADB), which aims to support social and economic development in Asia, has published a working paper series in which it noted the intention to make investments in decentralized lending platforms in Malaysia is primarily driven by “trust.” The paper points out… Read More

Wirecard Expands Existing Collaboration With Malaysia’s Affin Bank Berhad

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has expanded its existing collaboration with Malaysia’s Affin Bank Berhad. Wirecard reported that through this partnership, more than 300,000 Affin Bank customers are already benefitting from an array of services such as… Read More

China: WeiyangX Fintech Review

China Construction Bank Approves to Launch Digital Banking Business in Malaysia On August 26th, China Construction Bank Co., Ltd. Labuan Branch announced that it had received regulatory approval from Labuan Financial Services Authority to conduct digital banking business. According to the statement, it would become… Read More

Crowdfunding on PitchIn, Qeos LED Plans to Use Capital to become First Crowdfunding Issuer in Malaysia to Go Public

Crowdfunding on PitchIn, Qeos LED plans to raise sufficient capital and then plan a public listing in Singapore later this year or in early 2020, according to a report in Digital News Asia. If the company is successful in their ambition, Qeos will be the… Read More

Securities Commission Malaysia Issues Another Warning for Investors in Unauthorized ICOs and Digital Asset Exchanges

The Securities Commission Malaysia (SC) is out with another warning cautioning investors about initial coin offerings and digital asset exchanges which have not been authorized. The SC says they have seen an increase in both complaints and queries from the public about these crypto offerings…. Read More

Securities Commission Malaysia Promotes Financing Opportunities for Small Business Including Crowdfunding, P2P Lending

Capital Markets Malaysia, an affiliate of the Securities Commission Malaysia (SC), hosted an event to generate greater awareness of capital raising and investment opportunities in the Malaysian capital market. The target audience was micro, small-and-medium enterprises (MSMEs); and entrepreneurs. The half-day forum focused on how… Read More

Securities Commission Malaysia Approves Three Digital Asset Exchanges

The Securities Commission Malaysia (SC) has approved three digital asset exchanges as “Recognized Market Operators” (RMOs) to establish and operate digital asset exchanges (DAX) in Malaysia. Malaysia is known for its support of Fintech innovation in general and recently updated online capital formation rules to… Read More

Ethis Group Comments on Receipt of Islamic Equity Crowdfunding License in Malaysia

Announced last week, the Securities Commission Malaysia revealed updated regulations as well as the approval of 8 new “Regulated Market Operators” serving the investment crowdfunding – peer to peer financing market. Included in the list of approved platforms of the first Islamic Equity Crowdfunding license,… Read More

Malaysia Updates Crowdfunding Framework, Securities Commission Malaysia Affirms its Support for Fintech

The Securities Commission Malaysia (SC) has updated crowdfunding rules to better fit the emerging market of online capital formation while announcing the approval of multiple new platforms targeting different sectors of digital finance. During a routable organized by the SC which included the participation of… Read More

Malaysia Proposes Healthier ICO Framework That Also Shows Signs of Naivete

Citing a “growing interest” amongst the public in “blockchain-based digital assets,” the Malaysia Securities Commission has issued a proposed regulatory framework for the issuance of ICO’s (initial coin offerings) and is asking for the public’s feedback. The proposal actually contains many cogent suggestions that improve… Read More

Consultation: Malaysia Seeks Feedback on Proposed ICO Framework

The Securities Commission Malaysia (SC) has published a consultation on a framework for Initial Coin Offerings (ICOs). The SC is one of many financial regulators that are seeking to better understand digital assets while investigating potential regulatory environments to create an effective ecosystem. The SC… Read More

Securities Commission Malaysia Discusses 2018 Annual Report & Plans for Capital Market Ecosystem, Alternative Funding Raises USD $197.7 Million

According to the Securities Commission Malaysia in conjunction with the release of its 2018 Annual Report, the Malaysian capital market continued to play a key role in financing the economy against a backdrop of challenging global market conditions. “Though occasionally tempered by uncertainties stemming from rising… Read More

Securities Commission Malaysia Announces Guidelines for Trading of Digital Assets, ICOs to Follow in March

The Securities Commission Malaysia (SC) has updated their “Guidelines on Recognized Markets” to facilitate the trading of digital assets. The Securities Commission Malaysia has a reputation as being forward thinking when it comes to innovative financial services and is recognized for its encouragement of Fintech in… Read More

Fintech Supercharger Teams Up with Asia Pacific University on Fintech Degree

Hong Kong-based Fintech Supercharger accelerator has partnered with the Asia Pacific University of Technology & Innovation (APU) located in Kuala Lumpur. Starting in the first quarter of 2019, prospective students may enroll for a Bachelor’s in Banking and Finance with a specialism in Fintech. Supercharger says… Read More

Malaysian Finance Minister: Crypto Projects Must Seek Permission from Central Bank

Like many countries in Asia and elsewhere, Malaysia has had it share of crypto scandals and similar amounts of legislator reticence around explicitly regulating the sector. Yesterday, however, Malaysian Finance Minister Lim Guan Eng broke rank and told fellow parliamentarians Monday that the public/private sector should refrain… Read More

Malaysian MP: Sector Regulations Needed Before Government Approves “World’s First Crypto-Politic ICO”

Fahmi Fadzil, a Malaysian MP and the Communications Director for the Malaysian centre-left coalition party PKR, has urged the government of Malaysia to establish proper regulation of cryptocurrencies before it approves “Harapan Coin- the world’s first crypto-politic ICO,”  The Star Online reports. Fahmi reportedly told reporters… Read More

Singapore Private Investment Platform Fundnel Announces Expansion Into Malaysia

Singapore-based private investment platform Fundnel announced on Thursday it has officially expanded into Malaysia. According to Fundnel, the launch was officiated by Norhizam Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysia Digital Economy Corporation (MDEC) at a private event in the city center. Fundnel reported that Fundnel Malaysia will… Read More

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