Labuan International Business and Financial Centre (Labuan IBFC) has announced a record 1H2020 for new Digital Financial Services operators being registered, marking an influx of digital financial service providers revolutionising its financial offerings. The Malaysian jurisdiction has approved a total of 46 Digital Financial Services operators as at 30 June 2020 including three digital banks, two digital securities exchanges and 19 crypto trading platform providers. "This segment has grown significantly in the last four years in tandem with our aspirations to have the market embrace...
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