Broctagon Fintech Group, a multi-asset liquidity provider, announced that the company has secured Labuan Money Broker License. The new license has enabled Broctagon to offer regulated bank-grade FX liquidity to different clients.
According to the press release exclusively shared with Finance Magnates, the company is planning to expand its presence in Asia due to a surge in demand for its services. Additionally, Broctagon highlighted the recent appointment of Cecilia Chan as part of the company’s expansion plan in Asia.
Earlier this year, Cecilia Chan, Singapore Exchange’s former VP, joined Broctagon Executive Director and Head of FX. The liquidity provider mentioned that it is planning to take advantage of Chan’s experience for the expansion of Broctagon Prime Markets across the region.
Published on: Thursday, May 06, 2021
By: Bernama
Labuan Finance Complex. (Bernamapic)
LABUAN: The Labuan International Business and Financial Centre (IBFC) remains resilient while demonstrating respectable growth across sectors, despite facing unprecedented challenges due to the Covid-19 pandemic.
In this regard, Labuan Financial Services Authority (Labuan FSA) had played a vital role in ensuring that the industry embraces technological advancements, providing regulatory reliefs wherever required by the market, and introducing new business models to better align businesses to the new norms.
Notwithstanding the pandemic and the changes in the tax landscape, Labuan IBFC and its ecosystem remained as an attractive market for wholesale financial intermediation within the region, with more than 800 licensed financial institutions currently operating in the economic zone.
Published on: Friday, April 23, 2021
By: Bernama
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LABUAN: The Labuan International Business and Financial Centre (Labuan IBFC) and five blockchain bodies from Southeast Asia and Australia have signed a memorandum of understanding (MoU) to form the Asean Blockchain Consortium that aims to foster and strengthen cross-border relationships in promoting blockchain technology.
The bodies are Asosiasi Blockchain Indonesia (ABI), Blockchain Association Singapore (BAS), Distributed Ledger Technology Association of the Philippines (DLTAP), Thailand Digital Asset Operators Trade Association (TDO), and Blockchain Australia (BA).
In a statement Thursday, Labuan IBFC said the MoU marked the first collaboration between blockchain organisations across Asean and Australia to drive blockchain education, share knowledge on digital assets development, and promote adoption of blockchain technology across Asean and Australia.
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Thursday, 22 Apr 2021 05:06 PM MYT
LABUAN, April 22 The Labuan International Business and Financial Centre (Labuan IBFC) and five blockchain bodies from South-east Asia and Australia have signed a memorandum of understanding (MoU) to form the Asean Blockchain Consortium that aims to foster and strengthen cross-border relationships in promoting blockchain technology.
The bodies are Asosiasi Blockchain Indonesia (ABI), Blockchain Association Singapore (BAS), Distributed Ledger Technology Association of the Philippines (DLTAP), Thailand Digital Asset Operators Trade Association (TDO), and Blockchain Australia (BA).
In a statement today, Labuan IBFC said the MoU marked the first collaboration between blockchain organisations across Asean and Australia to drive blockchain education, share knowledge on digital assets development, and promote adoption of blockchain technology across Asean and Australia.