Jumping the gun?


Perodua headquarters and plant in Sg Choh, Serendah, Selangor.

NEWS that ride-sharing service firm Decentralized Alternative Cabs Serving & Empowering Everyone (Dacsee) is planning its first initial coin offering (ICO) in Malaysia despite no-gos from authorities has raised eyebrows.

The Securities Commission (SC) and the central bank had earlier cautioned potential ICO issuers that no party is allowed to raise funds without obtaining prior approval.

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