Dear All
The only constant in life is change, and of late the most
consistent change is the unyielding momentum towards all things
digital. Being a progressive jurisdiction, mindful of such changes,
we are delighted to recently welcome to the #labuandigitalfamily
Singapore-based insurtech firm Axinan, and the Malaysian blockchain
firm, HWGG Capital PLC's HwgPay Blockchain Ecosystem.
Of course, the allowance from Labuan FSA for China Construction
Bank to provide digital banking services via its Labuan IBFC branch
is also a game changer and is evidence that there is merit to
consider a jurisdiction like Labuan IBFC where our Regulatory
approach hinges on understanding the licensee's overarching
business plan.
