Major Malaysian financial firm to invest in regulated crypto exchange
Malaysian financial services firm Kenanga Investment Bank Berhad is getting into digital assets. Kenanga Investment Bank Berhad, one of the largest financial services companies in Malaysia, is moving into the cryptocurrency industry with a new investment.According to an official Feb. 8 announcement, Kenanga has entered into a conditional agreement to acquire a 19% equity stake in a licensed crypto exchange. The investment was facilitated through Kenanga’s fully-owned private equity arm Kenanga Private Equity.According to the agreement, Kenanga will invest in Tokenize Technology, the....
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One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges Per the official announcement, the bank made the transaction through Kenanga Private Equity Sdn Bhd via a conditional agreement to purchase 19% equity interest in the trading platform. Hong Qi Yu, chief executive officer of Tokenize Xchange, founded the firm in 2018. Since its launch in....
The Securities Commission of Malaysia says Huobi is operating without official registration from local regulators. The Securities Commission (SC) of Malaysia issued a statement on Aug. 22 regarding Huobi operations in the country. According to the statement, the crypto exchange is now on the SC’s Investor Alert List. Malaysian financial regulators say Huobi has been operating a digital asset exchange in the country without official registration with the SC.Huobi Global [https://t.co/la9Y3ntGuq] has been added to the SC’s Investor Alert List for operating a digital asset exchange (DAX) in....
Belfrics, which refers to itself as a Malaysian ‘blockchain technology’ firm, has announced the launch of its bitcoin exchange operations in India. In a press briefing, the firm claims to provide a liquid marketplace for buying and selling bitcoins with India’s fiat currency, the rupee. The firm’s foray into the country comes after the much-publicized and controversial demonetization event that led to a crippling cash crunch. Subsequently, interest and adoption of bitcoin as a digital currency has never been higher in the country. The lack of an authority wielding totalitarian moves has....
A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities.
Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated
Professional services firm Deloitte and the Times of India recently conducted a survey on cryptocurrency investing. The results were published Sunday.
Out of 1,800 respondents, 55.2% said they have invested in cryptocurrencies and will....
Following the regulatory sandbox approval by Canadian regulators, Wealthsimple announced that it has launched “Canada’s first regulated crypto platform.” The new crypto exchange is regulated by the federal government as well as regulators in 13 provinces and territories in Canada. Wealthsimple Crypto Regulated in All Provinces and Territories in Canada Canadian investment management firm Wealthsimple announced Tuesday that its cryptocurrency exchange has launched. The company explained that Wealthsimple Crypto is “Canada’s first regulated crypto....