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Pertama Digital Forms Consortium With Indonesia s Crowdo To Apply For Digital Bank License

4Shares Pertama Digital Berhad, a local investment holding company in the govtech and fintech spaces, has brought Indonesian firm Crowdo Holdings Pte Ltd into a consortium that intends to apply for a digital bank license from Bank Negara Malaysia (BNM). ADVERTISEMENT As previously reported, BNM is accepting applications for a digital banking license, with a deadline set to 30 June this year. The central bank said the granting of up to five licenses would be announced by the first quarter of 2022. A lot of big names are reportedly interested in obtaining one – including Grab, Razer and AirAsia. According to Pertama Digital, Crowdo is a SME-focused neobank (or digital bank) that possesses an AI-powered credit scoring engine specialised for emerging markets within ASEAN. It was apparently in the first batch of fintech companies fully licensed by Indonesia’s Financial Services Authority to provide digital lending services to SMEs.

Indonesia considers plan to tax trade in cryptos

FILE PHOTO: Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic JAKARTA: Indonesia is considering a plan to tax the trading of cryptocurrencies after a surge in popularity among local investors, a tax official said yesterday. The South-East Asian country has been seeking to shore up state revenues amid the coronavirus pandemic, though Neilmaldrin Noor, a spokesman at Indonesia’s tax office, said a tax scheme for cryptocurrency was still at the discussion stage. “It is important to know that. if there is a profit or capital gain generated from a transaction, the profit is an object of income tax, ” Neilmaldrin said.

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Indonesia grants licence to Tokopedia s P2P arm, shuts Kitabisa s donation programme

streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi

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