SC Malaysia publishes regulation for IEOs

Securities Commission Malaysia (SC) has published guidelines for crypto IEOs while banning ICOs.


Ismawati Asmat

16 Jan, 2020

SC Malaysia publishes regulation for IEOs | BEAMSTART News

- From our Sponsors -

Under the new regulation, Malaysia will only allow tokens that meet the strict assessment standards set by SC to be allowed for sale in the country.

To conduct token sales, Malaysia only allows initial exchange offerings (IEOs), so initial coin offerings (ICOs) are now illegal in the country.

For the token issuer, SC requires the company to have one director that is a resident in Malaysia and have a minimum paid capital of 122,000 dollars.

SC said that the new regulation would be implemented after the first semester of 2020.

SC will work with platform operators in assessing eligible issuers during the first phase of the implementation.

- From our Sponsors -

Latest Jobs

Machine Learning Intern

Bindwell

California,

Internship

USD 80000 — USD 120000 yearly

Founding Engineer

Simple AI

California,

Full Time

USD 100 — USD 200000 yearly

Senior Infrastructure Engineer

Greenlite

California,

Full Time

Salary Undisclosed

Founding Backend Engineer

QFEX

England,

Full Time

USD 50000 — USD 150000 yearly

Founding Engineer

Bild AI

California,

Full Time

USD 100000 — USD 180000 yearly

Founding AI Engineer

Cekura

California,

Full Time

USD 120000 — USD 180000 yearly

Founding Engineer

Optifye.ai

Delhi,

Full Time

USD 2400000 — USD 4800000 yearly

Founder’s Associate / GTM Intern

Mercura

Bavaria,

Internship

USD 2500 — USD 4000 yearly

Electromechanical Engineer

Maritime Fusion

California,

Full Time

USD 120000 — USD 200000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).