Tagged: securities commission malaysia

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

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

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

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

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

Securities Commission Malaysia Inks Innovation Cooperation Agreement With Austrian Securities and Investments Commission to Establish Fintech Bridge

Securities Commission Malaysia (SC) announced on Thursday it entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in fintech services in their markets.  SC Chairman Tan Sri Ranjit Ajit Singh notably signed the agreement with the ASIC… Read More

Malaysia: ASEAN’s First Country to Regulate P2P Financing

Malaysia’s Securities Commission (SC) announced last month that six P2P platforms were registered and would continue to be overseen by the Government of Malaysia, making Malaysia the first ASEAN country to regulate P2P financing.  The six platforms include B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures,… Read More

Crowdo Sets Regional Crowdfunding Record, Touts New MAS License

Crowdo, a South East Asian crowdfunding platform, announced today that it has received its provisional Capital Market Services (“CMS”) License from the Monetary Authority of Singapore (“MAS”). The CMS license will allow Crowdo to offer both equity crowdfunding and peer to business (P2B) lending solutions in Singapore, noted… Read More

Crowdo Announces Official Launch of Equity Crowdfunding Platform in Malaysia

Crowdo received one of the few licenses to operate last year granted by Securities Commission Malaysia. Now Crowdo has launched its equity crowdfunding platform claiming it is best positioned to provide accesss and deal flow to both investors and entrepreneurs. Crowdo states it has the… Read More

Securities Commission Malaysia to Focus on Fintech at World Capital Markets Symposium

The Securities Commission Malaysia (SC) will be hosting big name global leaders alongside disruptive entrepreneurs at its World Capital Markets Symposium taking place in Kuala Lumpar in next week, September 3-4. Many of the speakers are internationally recognized names. Entitled “Markets and Technology: Driving Future… Read More

Asian Crowdfunder Launches in Malaysia, Founded by Entrepreneurs Frank Holle, Graham Paling and Kenneth Kolb

  Asian Crowdfunder launched its Malaysian platform with three projects, while also indicating the platform is in the process of starting in Singapore, Indonesia and Thailand, according to Digital News Asia.  Cofounded by Frank Holle of Quant Asset Management Pte Ltd, Graham Paling of Mongoose Publishing and Kenneth… Read More

Securities Commission Malaysia “Advances Greater Inclusivity” in Promoting Equity Crowdfunding

Malaysia has been at the forefront of advocating on behalf of internet finance in Southeast Asia.  This week the Securities Commission Malaysia took another step in providing greater access to capital for innovative firms by announcing six approved equity crowdfunding platforms. Revealed during the Synergy and… Read More

FundedByMe is Approved to Operate Equity Crowdfunding in Malaysia

FundedByMe has received regulatory approval from the Securities Commission Malaysia to operate an equity crowdfunding platform in the Southeast Asian country.  FundedByMe, a diversified crowdfunding platform, has already set up an operation in Singapore. The company has partnered with Alix Global Sdn Bhd and is one… Read More

Eureeca Receives Securities Commission Approval in Malaysia. Will Launch Southeast Asia Equity Crowdfunding Hub

Eureeca, a Dubai based equity crowdfunding platform, has received regulatory approval from Securities Commission Malaysia to provide crowdfunding services. Company representatives stated their intent to set up operations in Kuala Lumpur and to use this location as a hub to expand services throughout the Southeast… Read More

Securities Commission Malaysia Opens Up Applications for Equity Crowdfunding Platforms

The Securities Commission Malaysia has opened the application process for prospective investment crowdfunding platforms according to a statement from the regulatory entity. Malaysia has been one of the more proactive countries in the Asian region to push forward with researching the crowdfunding space and moving forward… Read More

Malaysian Securities Commission Releases Equity Crowdfunding Guidelines

Securities Commission Malaysia (SC) has released the Guidelines on Regulation of Markets under Section 34 of the Capital Markets and Services Act 2007 to introduce new requirements for the registration of equity crowdfunding (ECF) platforms and provide governance arrangement for the operator of such platforms…. Read More

Perspective: Securities Commission Malaysia Hosts Successful Conference on Crowdfunding

The Synergy and Crowdfunding Forum organized by the Securities Commission Malaysia (SC) exemplified the keen interest in equity crowdfunding as over 550 individuals showed up to participate in the two day event held in Kuala Lumpur.  The group included over 250 entrepreneurs, over 50 investors plus a… Read More

Send this to a friend