Tagged: securities commission malaysia

MX Exchange Gets Full Approval from Securities Commission Malaysia to Serve as Digital Asset Exchange

MX Exchange has reportedly received full approval from the Securities Commission Malaysia (SC) to serve as a Recognized Market Operator-Digital Asset Exchange (RMO-DAX) for the trading of virtual currencies in the Southeast Asian country. This makes MX Exchange only the fourth DAX to offer compliant… Read More

Singapore Wealth Management Platform iFAST Corp’s iFAST Capital Unit Introduces New Trading Options

Singapore-based wealth platform iFAST Corporation recently revealed that the Group’s Malaysian division, iFAST Capital, has introduced trading services in US as well as support for Hong Kong-listed securities for Malaysians. The new offerings will reportedly include stocks and exchange-traded funds (ETFs) on FSMOne, its B2C online… Read More

Binance Regulatory Crackdown Continues as Securities Commission Malaysia Announces New Enforcement Actions Against Crypto Exchange

The Securities Commission Malaysia (SC) has announced new enforcement actions against digital assets firm Binance. The cryptocurrency exchange operator has been accused of illegally operating its trading platform in Malaysia. The SC has now ordered Binance to immediately disable access to its website as well… Read More

Securities Commission Malaysia and UN Capital Dev Fund to Support Islamic Fintech Innovation with Accelerator

Earlier this week, the Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Center for Financial Health program, introduced an accelerator to support the Islamic Fintech innovation ecosystem in the Southeast Asian country. The program, known as the FIKRA Islamic… Read More

Malaysia Co-Investment Fund Makes RM165 Million Investment in Over 5,300 Equity Crowdfunding, P2P Initiatives

The Malaysia Co-Investment Fund (MyCIF) has reportedly made a co-investment of RM165 million (appr. $40.27 million) in 5,349 equity crowdfunding and peer-to-peer financing (P2P) initiatives, which aims to benefit 1,197 Malaysian MSMEs by the end of last year. Since its October 2019 launch, these Malaysia-based… Read More

Islamic ETF focused Investment Management Firm i-VCAP Acquired by Malaysia’s Kenanga Investment Bank

Malaysia-based Kenanga Investment Bank Bhd, a financial services company that offers investment banking, stockbroking and investment management services, has reportedly acquired i-VCAP Management Sdn Bhd through its wholly-owned subsidiary Kenanga Investors Bhd (KIB). The acquisition was made after obtaining approval from the Securities Commission of… Read More

Securities Commission Malaysia Looks to Standardize Digital Asset Wallets

The Securities Commission Malaysia (SC) is seeking feedback on a regulatory framework for digital asset wallet providers. The review is expected to complement the existing frameworks for Digital Asset Exchange (DAX) and Initial Exchange Offering (IEO). The SC notes that digital asset wallet providers, now… Read More

Binance Is “Operating a Recognized Market Without Authorization,” the Malaysian Securities Commission Warns, Public Advised Not to Make Investments with Such Firms

The Securities Commission (SC) of Malaysia, which recently warned residents about facing lengthy prison sentences and fines for operating unlicensed Cryptocurrency ATMs, has specifically mentioned that Binance, the world’s largest digital asset exchange, is not authorized to offer services in the country. The Malaysian SC… Read More

Securities Commission Malaysia Hosted the Sixth Edition of the SCxSC Fintech Conference on Oct 22

The Securities Commission Malaysia (SC)  hosted the sixth edition of the SCxSC Fintech Conference on October 22, an event aimed at helping to scale up the nation’s Fintech industry.  Notably, Malaysia’s Fintech sector has seen several new players enter its ecosystem, following the regulatory agency’s… 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

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

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

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

SCxSC Fintech Conference 2018 – Kuala Lumpur

SCxSC Fintech Conference 2018 (SCxSC 2018) is Securities Commission Malaysia’s annual fintech event, an interactive platform for discussions and exploration of new and evolving digital trends. The focus of SCxSC 2018 is on the underlying technologies powering Fintech products and services in the capital market… Read More

Securities Commission Malaysia Orders Immediate Halt to LavidaCoin Initial Coin Offering

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

Brief: Securities Commission Malaysia Tells Lendingstar to Cease All Activities Immediately

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

Securities Commission Malaysia Invites Applications for Crowdfunding and Peer to Peer Lending Operators

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

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