Cryptocurrency Q&A
What is Labuan cryptocurrency?
What is Labuan cryptocurrency?
OceanSoul
Wed Dec 11 2024
|
7 answers
1790
Labuan cryptocurrency refers to the digital assets traded and managed within the Labuan International Business and Financial Centre (Labuan IBFC), Malaysia. It includes various types of virtual currencies that are recognized and regulated by the Labuan Financial Services Authority (LFSA) for investment and transactional purposes.
7 answers
Lucia
Fri Dec 13 2024
The regulatory framework for cryptocurrency in Malaysia is based on several key pieces of legislation.
Was this helpful?
267
85
CryptoKing
Fri Dec 13 2024
The Malaysian Financial Services Act of 2013 plays a significant role in governing financial services in the country.
Was this helpful?
293
77
CherryBlossomFall
Fri Dec 13 2024
Additionally, the Labuan Financial Services and Securities Act of 2010 also provides guidelines for financial activities in the Labuan region.
Was this helpful?
353
63
GinsengBoostPowerBoostVitality
Fri Dec 13 2024
The Malaysian AML-CFT law, which stands for Anti-Money Laundering and Countering the Financing of Terrorism, is another crucial aspect of the regulatory framework.
Was this helpful?
217
43
Riccardo
Thu Dec 12 2024
These laws and acts are complemented by guidelines issued by the Financial Services Authority, ensuring a comprehensive regulatory environment.
Was this helpful?
124
57
Load 5 more related questions
