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Tuesday, 04 May 2021 07:43 AM MYT
BY ALEXANDER WONG
Luno is among the three approved Digital Asset Exchanges in Malaysia which are authorised to perform cryptocurrency trading. — SoyaCincau pic
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KUALA LUMPUR, May 4 — Luno Malaysia will soon support Bitcoin Cash (BCH) following its approval by the Securities Commission (SC) Malaysia.
BCH is Malaysia’s 5th approved cryptocurrency after Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC).
According to Luno’s teaser, users in Malaysia will soon be able to buy, trade and store BCH on its platform. However, no dates were mentioned. At the time of writing, BCH is priced at RM4,178, while BTC is priced at RM240,133.
Sunday, 04 Apr 2021 07:29 AM MYT
BY ALEXANDER WONG
Grab has pushed out a notification to remind its users that transactions, fund transfers and purchases made via GrabPay to unauthorised or unlicensed platforms are strictly prohibited. — SoyaCincau pic
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KUALA LUMPUR, April 4 — Grab has pushed out a notification recently to remind its users that transactions, fund transfers and purchases made via GrabPay to unauthorised or unlicensed platforms are strictly prohibited. The announcement appears to have been made after Binance, a cryptocurrency platform, had announced that eWallets can be used to buy cryptocurrency such as Bitcoin through its peer-to-peer (P2P) platform.
Digital Cash Management Service Versa Launches Online Platform in Malaysia with Affin Hwang Asset Management
Malaysia-based
Versa, a digital cash management service provider, has confirmed the launch of its online platform through a partnership with
Affin Hwang Asset Management.
The all-digital platform may be accessed as a mobile application, Versa’s management noted. The app’s users are able to earn returns that are somewhat similar to other relatively low-risk deposit options with the added flexibility of a savings account.
Versa is an established e-service platform that has obtained approval from the Securities Commission Malaysia (SC). This was made possible when the SC revealed in 2020 that they will be making changes to the regulation allowing for online payment and digital wallet providers to sell financial market products. At present, there are two businesses that have been approved by the Malaysian SC to serve as an e-service platform. They include Versa and TNG Digital.