In a statement issued yesterday, the SC said the Cabinet Special Committee on Anti-Corruption (JKKMAR) had approved its recommendation to require listed companies to put in place anti-corruption measures and a framework to promote the effective discharge of directors
PETALING JAYA: The Securities Commission (SC) has shut down an initial coin offering (ICO) in Malaysia and says it will not hesitate to rein in others who try to contravene securities laws.
ICOs are all the rage the world over now, where parties produce white papers detailing their business plans for raising funds via the issuance of new tokens or cryptocurrencies, all purportedly to be built on the blockchain technology.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
