One Of Malaysia’s Largest Investment Banks To Launch Bitcoin, Crypto Super App
Kenanga Investment Bank to partner with Ant Group to launch a super app housing all of its financial services including a bitcoin and crypto digital wallet.Kenanga Investment Bank to launch a super app in 2023 which will support bitcoin and other cryptocurrencies.The bank boasts over 500,000 users and wants to distribute its product to other banks.The app will embed all of the bank’s financial services onto one platform, including a digital wallet.Kenanga Investment Bank Berhad, a leading private investment bank in Malaysia, has partnered with Ant Group to launch a bitcoin and....
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Expected to launch in early 2023, Kenanga’s crypto-friendly super app will feature digital investment management, e-wallet, FX, stock trading and other services. Malaysia continues accelerating its pace of cryptocurrency adoption as one of the major local banks is moving into cryptocurrency trading as part of its default banking offerings.Kenanga Investment Bank Berhad, one of the largest private investment banks with more than 500,000 customers, has partnered with China’s tech giant Ant Group to launch a crypto-friendly wallet and trading app.According to an announcement on Wednesday,....
Malaysia’s Central Bank has chimed in with a couple of other countries to issue policy statements on Bitcoin at the beginning of this new year. Bank Negara Malaysia said in an announcement on its website that it would not consider Bitcoin as legal tender, nor would it take any steps to regulate it. “The public is therefore advised to be cautious of the risks associated with the usage of such digital currency,” the statement read. This strongly mirrors the policy set forth by an announcement from Singapore’s central bank just before Christmas. The ramifications of this announcement are not....
Malaysia’s central bank recently completed a proof-of-concept for a CBDC with three other nations and may consider developing its own cross-border payment system using the blockchain. Malaysia has joined the growing cadre of nations that are exploring the value of researching and developing a central bank digital currency (CBDC).Malaysia’s central bank, Bank Negara Malaysia, stated to Bloomberg on Jan. 17 that while a decision about exactly how to move forward with a CBDC has not yet been determined, it has focused research on a CBDC “via proof-of-concept and experimentation to enhance our....
Australia remains outstanding with its increased swing and adoption of cryptocurrencies by the populace. Despite its volatility, the popularity of digital assets has triggered more investment moves towards this financial asset. Joining in the train of crypto investment within the country is the Retail Employees Superannuation Trust (Rest Super). By its indication to invest superannuation fund in cryptocurrency, the Australia Rest Super will be the first of its type to do so. Before now, the entire retirement fund sector has been careful with cryptocurrency. Related Reading | SEC Takes....
PRESS RELEASE. Lead Wallet, a new crypto wallet application, has officially been launched on Google Play Store, and it will also launch its iOS and web version soon. This crypto wallet application is different from other existing wallet apps because it aims to be a super simple crypto app that most people would find easy to use; even your grandma would be able to use it. Even though Lead Wallet is still a very new project, it already has several unique features inside the app. First of all, you can send and receive various cryptocurrencies, from Bitcoin, Ethereum, Tron, Litecoin, Dogecoin,....