Tagged: malaysia

Securities Commission Malaysia Issues New Warning on Initial Coin Offerings

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

Securities Commission Malaysia Shuts Down CopyCash Foundation Initial Coin Offering

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

Securities Commission Malaysia Warns Investors on ICOs, Calls in CopyCashCoin Executives Prior to Public Token Offering

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

Malaysian Fintech MyCash Online Set to Move Headquarters to Singapore

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

Update: SuperCharger FinTech Accelerator Kuala Lumpur

SuperCharger FinTech Accelerator launched first in Hong Kong but it is pushing into other markets bringing its unique brand of combining established and innovative Fintech startups. Earlier this month, SuperCharger celebrated the end of the SuperCharger Kuala Lumpur program as 9 Fintech start-ups from around the… Read More

Securities Commission Malaysia Opens Up Fintech Sandbox for ATS Applications

The Securities Commission Malaysia (SC) has announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity – alliance of Fintech community). This follows the Budget… Read More

Malaysia Issues Consultation Paper on Regulating Cryptocurrencies

The central bank of Indonesia, Bank Negara Malaysia,  has published a consultation report on regulating Bitcoin and other cryptocurrencies. The action by the Bank comes at a time when popular interest in Bitcoin is increasing due to the dramatic rise in price and the addition… Read More

Securities Commission Malaysia: Equity Crowdfunding, P2P Lending & DLT Gaining Traction as it Embraces Digital Innovation

Securities Commission Malaysia (SC) says it continues to lead digital innovation in finance with significant progress reported on major Fintech markets initiatives. At its flagship Fintech event, SCxSC Digital Finance Conference 2017, SC Chairman Tan Sri Ranjit Ajit Singh in his speech delivered to attendees… Read More

China: WeiyangX Fintech Review

China is Reported to Shut Down Illegal Cash Loan Platforms Bloomberg, citing sources close to the situation, reported that regulators in China has started to consider strengthening supervisions towards cash loan platforms, with high probability of shutting down illegal ones. This round of inspections will… Read More

LendingStar Exchange “World’s First Invoice Exchange” Kicks Off ICO

LendingStar Exchange (LSX), a company that claims to be the worlds first invoice trading platform based on Blockchain, kicks off its Initial Coin Offering today (October 25th). LendingStar launched a private token sale earlier this month to invitation only investors. While no details have been… Read More

WorldRemit Takes Off in Malaysia, Names Ridzuan Aziz as Country Director

WorldRemit, a digital money transfer company, has launched in Malaysia following the company’s acceptance as one of only four initial entrants into Bank Negara’s Financial Technology Regulatory Sandbox in June.  Ridzuan Aziz, a senior Malaysian business leader with experience in compliance advisory and fintech, has… Read More

SuperCharger Launch Day Event in Kuala Lumpur Scheduled for September 26th

Following their expansion into Malaysia, SuperCharger Fintech Accelerator has scheduled its inaugural launch day event for September 26th in Kuala Lumpur. Organizers report that after reviewing over 100 applications, entries have been narrowed down to 10 promising Fintech startups. The event will see SuperCharger representatives… Read More

Securities Commission Malaysia Comments on Fintech Bridges

Securities Commission Malaysia (SC) has released a statement on the recently signed cooperation agreements with major financial centers. These “Fintech bridges” are described as a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry. Recently, SC has established… Read More

Dubai & Malaysia Sign Fintech Cooperation Agreement

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech.  According to both parties, this agreement reflects efforts by both authorities to provide a robust regime that fosters financial innovation in the… Read More

SWC Enterprise, Listed on FundedByMe, Aims to Break Crowdfunding Record in Malaysia

SWC Enterprise, said to be the fastest growing houseware retail store in Malaysia, recently launched an equity crowdfunding offer on Fundedbyme. The campaign has successfully raise 281% from its minimum target of MYR 1,002,728 (about USD $238,858), the total amount has been achieved MYR 2,847,146… Read More

Here is the Warning from Securities Commission Malaysia on ICOs

Securities Commission Malaysia (SC), a regulatory body that has been quite forward thinking when it comes to Fintech innovation, has published a statement on Initial Coin Offerings or ICOs. SC cautions investors on participating in ICOs or token sales noting that some may be securities,… Read More

Senturia Capital Announces Partnership With Funding Societies to Expand Alternative Financing Access to Malaysian Businesses

Private equity fund manager Senturia Capital has reportedly announced a partnership with peer-to-peer financing platform Funding Societies to expand alternative financing access and capital solutions for Malaysian businesses. According to The Star, Senturia Capital managing director, Datuk Marco Yap, revealed that the partnership with Funding… Read More

SuperCharger Fintech Accelerator Expands into Malaysia

Hong Kong based SuperCharger, a Fintech accelerator program, has expanded its footprint into Malaysia. SuperCharger has partnered up with Standard Chartered, Allianz and Malaysia Digital Economy Corporation to launch their 12 week program in Kuala Lumpur. SuperCharger is accepting applicants now with a deadline of… Read More

FundedByMe Malaysia Launches Peer to Peer Lending Platform AlixCo

FundedByMe Malaysia (FBM Crowdtech Sdn Bhd), one of the first approved crowdfunding platforms in the country,  has created a peer to peer lending platform for SMEs. The new platform, entitled AlixCo, is designed to help finance Malaysian entrepreneurs and to address the SME financing gap in… Read More

China: WeiyangX Fintech Review

China Issues Guideline on Artificial Intelligence Development Last week, China’s State Council has issued a guideline on artificial intelligence (AI) development, setting a goal of becoming a global innovation center in this field by 2030. The total output value of artificial intelligence industries is expected… Read More