Malaysia to regulate initial coin offerings, cryptocurrency trade


The minister said an order to recognize digital currencies and digital tokens as securities will come into force on Jan. 15.

MIDF, Al Rajhi secure Bank Negara Malaysia approval to initiate merger talks

The merger talks must be completed in three months from the date of the letter issued by Malaysia’s central bank.

Asia Digest: Neuron Mobility forays into Malaysia; Trax partners with Google Cloud

With the launch of its services in Cyberjaya, Neuron now offers its services in four cities, including Singapore, Bangkok and Chiang Mai.

Malaysia’s RHL Ventures makes follow-on investment in HealthMetrics

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.

Worsening markets could provide more investment opportunities: Creador’s Vasudevan

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.

People Digest: East Ventures names first female partner; OYO appoints Malaysia head

Melisa Irene, who hails from Indonesia, joined East Ventures as an associate in 2015, and has successfully closed multiple deals for the company.

China offered to bail out Malaysia’s 1MDB fund in 2016: Report

In return, Malaysia offered stakes in railway and pipeline projects as part of China’s Belt and Road Initiative.

Malaysia’s Lion Industries to divest stake in Singapore’s Angkasa Amsteel for $19.6m

Lion Industries purchased the 50 per cent stake in 2011 and 2012 for RM38.05 million ($9.2 million) in total.

Vietnam’s Viettel in talks to buy stakes in Malaysian, Indonesian telcos

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.

Malaysia’s Kumoten snags pre-Series A round led by Cradle Fund

The round was also joined by seed investor Commerce.Asia.