January 31, 2019 @ 7:47 am By JD Alois  |  

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

December 26, 2018 @ 1:07 pm By JD Alois  |  

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

November 28, 2018 @ 1:52 am By Cali Haan  |  

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

November 15, 2018 @ 11:37 am By Cali Haan  |  

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

November 8, 2018 @ 9:15 pm By Samantha Hurst  |  

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

November 2, 2018 @ 6:56 pm By JD Alois  |  

In the 2019 budget speech by the Malaysia Minister of Finance, YB Tuan Lim Guan Eng, the government introduced capital market measures designed to reinforce the role of tech in driving the economy. Lim explained: “We need to create an environment for our human talent… Read More

October 25, 2018 @ 10:20 pm By Samantha Hurst  |  

Fundaztic, a Malaysia-based peer-to-peer financing startup, reportedly secured RM3 million (approximately US$722,000) in 38 minutes on crowdfunding platform, pitchIN. Nearly 65 investors invested through the round, which was launched on October 17th. Founded in 2016, Fundaztic stated it is on a mission to provide insights and knowledge on crowdfunding… Read More

September 5, 2018 @ 7:21 am By JD Alois  |  

Following a notice from Securities Commission Malaysia last week that LavidaCoin may be in breach of securities law, the Commission has issued a notice for LavidaCoin to immediately halt the initial coin offering (ICO). Securities Commission Malaysia stated the promoter must cease all activities regarding… Read More

August 27, 2018 @ 8:07 am By JD Alois  |  

LavidaCoin: “Step Mother of Coin” The Securities Commission Malaysia (SC) has issued a statement on the initial coin offering (ICO) “LavidaCoin.” According to a report in the Independent, the cryptocurrency is the creation of a controversial Malaysia socialite who is well known in the country… Read More

August 2, 2018 @ 7:09 am By Erin Hobey  |  

The Securities Commission Malaysia (SC) has directed Lendingstar Malaysia Sdn Bhd to cease all its activities, pronto, effective today. The SC directive was initially issued on 23 July 2018 after an inquiry found that Lendingstar is not registered to operate a recognized market and is providing… Read More

July 7, 2018 @ 6:52 pm By JD Alois  |  

The Securities Commission Malaysia (SC) is inviting interested parties to apply to operate investment crowdfunding platforms and peer to peer lending sites. SC states that applicants may submit their applications for registration now with a deadline of September 7th, 2018. As at June 2018, the… Read More

May 17, 2018 @ 12:04 pm By Erin Hobey  |  

Jirnexu is in the money, as the old song goes. The Kuala Lumpur-based financial services provider has nabbed US$11 million in a Series B finding round led by SBI Group and new investor SIG Asia Investments, according to Tech in Asia. The new funding will be… Read More

April 30, 2018 @ 4:04 pm By Samantha Hurst  |  

On Monday, Circle International announced it has formed a partnership with payment gateway platform Lakala to facilitate cross border payments between Malaysia and China.  While sharing details about the partnership, CEO and Founder of Circle, Dato’ Brian Tan, stated: “Through the partnership with Lakala, Circle International… Read More

March 9, 2018 @ 3:28 pm By JD Alois  |  

Wemerge Ventures Ltd, a Blockchain project that brings together entrepreneurs, angel investors, blockchain experts and top management with MNC experience from the US, China, India, Lithuania, Australia, Singapore and Malaysia, has launched a community blockchain incubator. During an event in Malaysia, the group announced their… Read More

March 5, 2018 @ 6:49 am By JD Alois  |  

Bank Negara Malaysia (the central bank of Malaysia) has published an Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies. The document sets out the minimum requirements that a reporting institution must observe to increase the transparency of activities relating to digital currencies, such… Read More

January 21, 2018 @ 1:35 pm By JD Alois  |  

Malaysia has not only been forward thinking when it comes to Fintech but it has also pursued a path of corporate diversity. Last April, public officials updated the Malaysia Code on Corporate Governence (MCCG) to require gender diversity policy along with targets and specific corporate… Read More

January 19, 2018 @ 11:53 am By JD Alois  |  

The Securities Commission Malaysia (SC), along with Bank Negara Malaysia (BNM), has issued a new “cautoinary statement” regarding investor interest in initial coin offerings (ICOs). This is not the first time SC has warned the public against dubious crypto offerings. Today’s statement affirms that ICOs… Read More

January 9, 2018 @ 7:49 am By JD Alois  |  

Securities Commission Malaysia (SC) has issued a cease and desist (C&D) order to CopyCash Foundation. The C&D was in regards to a scheduled initial coin offering (ICO) launching on January 10, 2018. SC issued a warning this week to investors regarding the CopyCashCoin ICO. Company… Read More

January 5, 2018 @ 12:22 pm By JD Alois  |  

The Securities Commission Malaysia (SC) says it has noticed an increase in initial coin offerings (ICOs) and the solicitation of the general public – including senior citizens. The cautionary statement by the SC was apparently cased by the forthcoming CopyCashCoin ICO that is scheduled to… Read More

January 3, 2018 @ 3:44 pm By Samantha Hurst  |  

Earlier this week, CEO of MyCash Online, Mehedi Hassan, announced the Malaysia-based fintech company will be moving its headquarters to Singapore. According to Digital News Asia, Hassan reported that the move is due to the fact that Singapore offers the startup with more opportunities, especially… Read More