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

December 24, 2017 @ 7:33 am By JD Alois  |  

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

December 21, 2017 @ 10:17 am By JD Alois  |  

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

December 16, 2017 @ 9:37 am By JD Alois  |  

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

November 6, 2017 @ 7:28 am By JD Alois  |  

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

November 4, 2017 @ 11:31 am By Xu Gao  |  

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

October 24, 2017 @ 11:22 pm By JD Alois  |  

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

September 21, 2017 @ 12:22 pm By Erin Hobey  |  

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