Malaysia Lawyer's Perspective on Digital Assets
1 Offering
The following Q&A is between Ian Fong, Director of
Marketing & PR, Propine Technologies Pte. Ltd. and our Serina
Abdul Samad, Partner and Head of Capital & Debt Market practice
group, Azmi & Associates, in Q1 2020 and is the second of our
two-part series on the topic of Digital Assets Offerings
("DAO") in Malaysia.
Some parts of the answer have been updated.
Ian: Do you think that DAO is going to take off in Malaysia and
the APAC region in 2020, especially with the current COVID-19
pandemic going on?
Serina: In Malaysia, an issuer must only carry
out an offering of digital tokens through an Initial Exchange
Offering ("IEO") platform and not
through any other means and the trading of a digital asset must be
done on electronic platform called Digital Asset Exchanges
("DAX"), operated by a DAX operator duly
registered under the Guidelines on Recognized Market.
