KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 12, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ). As recently announced, the Malaysian Government has given Greenpro Capital the License to operate a Digital Assets Exchange in Labuan, Malaysia. With this new license in mind, Greenpro Capital, and through its group company First Bullion Holdings Inc. who is the company behind CryptoSx, one of the top Securities Token Cryptocurrency Exchanges, will build and operate the world’s first Shariah-compliant exchange. This exchange will facilitate the monetization of assets currently not available for Public Investment. Creating the first exchange of its’ kind, Greenpro expects to capitalize on a previously nearly untapped market of the ASEAN Regions.
This Exchange will be onboarding and facilitating the trading of Tokens, Stable Coins, and other Digitized Assets. Priority and focus will be given to assets that are in line with ESG and carbon free principles.
Greenpro and First Bullion will, with Greenpro’s connections to high net worth individuals and the governments of the ASEAN region, facilitate the creation of Stable coins predicated on assets such as real estate, minerals, currencies, government debt, and many other types of hard assets. Greenpro, of course, welcomes everyone to list their Tokens, Coins, and Assets on this new exchange, as long as the structure is compliant with Shariah Law and is ESG Compliant.
Greenpro Capital CEO, Dr. CK Lee said, “We expect this exchange to benefit the world, especially the ASEAN Region, allowing assets that have not been available to investors before and will become available with the opening of this new digital asset exchange.”
About Labuan FSA
Labuan Financial Services Authority (“Labuan FSA”) was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (“Labuan IBFC”).
The key objectives of Labuan FSA are to:
- Promote and develop Labuan as an international centre for business and financial services;
- Develop national objectives, policies and priorities for the orderly development and administration of international business and financial services in Labuan; and
- Act as the central regulatory, supervisory and enforcement authority of the international business and financial services industry in Labuan.
Labuan FSA licenses and regulates licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the Labuan laws and regulations and adhere to the international standards, which are adopted by the jurisdiction. Labuan FSA develops regulatory policies to ensure orderly conduct of business and financial services in Labuan IBFC.
For further information regarding the body, please visit https://www.labuanfsa.gov.my/default.aspx
CryptoSX is one of the fastest growing digital assets exchanges in the world. An innovative, end-to-end exchange that redefines the perception of STOs while pushing boundaries in a fully regulated ecosystem. With a wide spectrum of industries and a community of passionate investors, CryptoSX allows users to be a part of a new age movement, through easy and secure investments, anytime and anywhere. CryptoSX is compliant with all applicable financial and virtual exchange policies and regulations of the Philippine Government under CEZA (Cagayan Economic Zone Authority) and holds a Principal Full License since 2018. To learn more about the company, please visit http://www.cryptosx.io.
About Greenpro Capital Corp.
Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (Nasdaq: GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, CryptoSX for STOs, health, wellness and fine art as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.
For further information regarding the company, please visit http://www.greenprocapital.com.
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