Upcoming regulatory changes in Labuan (Malaysia) will introduce digital assets as a supervised and regulated activity.
Investment Banks upon getting extension for digital business – will become Investment Digital Banks.
Scope of services to be allowed:
Digitisation of existing permissible products and services, while offering foreign exchange transactions, interest swaps, dealings in derivative instruments or derivative financial instruments or any other similar risk management activities
Money Brokers upon getting extension for digital business may be called Labuan Digital Asset Exchange.
Scope of services to be allowed/ covered:
(a) Exchanging of digital token for fiat currency;
(b) Exchanging of fiat currencies for digital token; and
(c) Exchanging of digital token for another digital token.
Contact our team to get more information