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MUMBAI (Reuters) - Billionaire entrepreneur Elon Musk's Starlink satellite internet venture told its members on Tuesday the Indian government had asked the company to refund all its pre-orders until it receives licences to operate in the country.
KUALA LUMPUR: Bank Negara has issued a discussion paper on licensing framework for digital insurers and takaful operators.
The Singapore affiliate of Binance, one of the world's largest cryptocurrency exchanges, said on Monday it will withdraw its local licence application and wind down its digital payment token business in the broadly crypto-friendly city-state.
MELBOURNE: Australia is weighing plans for a central bank-issued digital currency alongside the regulation of the crypto market as it seeks to overhaul how the nation’s consumers and businesses pay for goods and services.
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet’s Google.
KUALA LUMPUR: SSG Digital Resources Bhd, a special purpose vehicle for a consortium comprising the Sarawak government, Revenue Group Bhd and Kenanga Investment Bank Bhd, has submitted its application for a digital banking licence from Bank Negara Malaysia (BNM).
MALAYSIA’S aspiration to become a regional data hub may not be that far-fetched although big data analytics (BDA) adoption is still in infancy stage.