By Liz Lee
The minister said an order to recognize digital currencies and digital tokens as securities will come into force on Jan. 15.
The merger talks must be completed in three months from the date of the letter issued by Malaysia’s central bank.
With the launch of its services in Cyberjaya, Neuron now offers its services in four cities, including Singapore, Bangkok and Chiang Mai.
RHL Ventures had earlier participated in the Malaysian startup’s $1-million seed round, along with Spiral Ventures and Cradle Seed Ventures, in May 2018.
Malaysia-based private equity firm Creador is looking to close at least four investments in 2019 as it expects valuations to get more realistic in a soft market.
Melisa Irene, who hails from Indonesia, joined East Ventures as an associate in 2015, and has successfully closed multiple deals for the company.
In return, Malaysia offered stakes in railway and pipeline projects as part of China’s Belt and Road Initiative.
Lion Industries purchased the 50 per cent stake in 2011 and 2012 for RM38.05 million ($9.2 million) in total.
Myanmar, where Viettel and its local partners launched a $1.5-billion 4G network last year, has emerged as one of the most promising markets for the company.
The round was also joined by seed investor Commerce.Asia.