Malaysia

Starbox Group’s StarboxAI – ViPro Module: Transforming Content Creation

Kuala Lumpur, Malaysia, Sept 5th, 2023 – Starbox Group Holdings Ltd. (Nasdaq: STBX), a dynamic player in cash rebates, digital advertising, and payment solutions, with a vision of leading in artificial intelligence (“AI”) solutions throughout Southeast Asia, is making waves with the launch of its groundbreaking StarboxAI - ViPro module. This innovative module introduces a text-to-video feature set to redefine content creation. The Text-to-Video feature within the StarboxAI - ViPro module is not just an addition; it's a revelation. It empowers content creators to seamlessly transmute textual instructions or scripts

Starbox Group Holdings Ltd. Announces First Half of Fiscal Year 2023 Financial Results

Revenue and Net Profit Increased with Technology Driven Services Revenue Accounted for Approximately 43.8% of its Revenue KUALA LUMPUR, Malaysia, August 29, 2023 / Plato / Amplifi. Starbox Group Holdings Ltd. (Nasdaq: STBX) ("Starbox" or "the Company”), a service provider of cash rebates, digital advertising, and payment solutions with a goal of becoming a comprehensive AI solutions provider within Southeast Asia, today announced its unaudited financial results for the six months ended March 31, 2023. Mr. Lee Choon Wooi, Chairman and Chief Executive Officer of Starbox, commented, “We are excited

World’s first religious relics to be made into NFTs – unique digital assets

St Francis of Xavier to be celebrated on his feast day of December 3rd On Wednesday, December 1st, Artentik, the digital marketplace for SCML, is dropping the world’s first religious relics in the form of Non-Fungible-Tokens (NFTs) for the 500 year old social enterprise organisation and keeper of the Museum and Church of São Roque in Lisbon and houses one of the most important religious collections in Catholic Europe. Artentik is SCML’s curated platform to share digital twins of its treasures and encourage living artists to also sell t,heir works

BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials

The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for international payments. The experiment, under Project Dunbar, aims to reduce costs and increase the speed between cross-border payments by institutions. According to Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore, “Project Dunbar brings

BIS Tests CBDCs for International Settlements Between Several Countries

The Bank for International Settlements (BIS) is cooperating with several countries to test the use of central bank digital currencies (CBDCs) for international settlements.Sponsored Sponsored In participation are the central banks of Australia, Malaysia, Singapore and South Africa. The experiment could lead to a more efficient global payments platform. ‘Project Dunbar’ Led by BIS’ Singapore Center, “Project Dunbar” aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs. This would allow financial institutions to transact directly with each other using the digital currencies. Consequently, this would eliminate the

Binance flagged by Singapore’s MAS, placed on Investor Alert List

While Binance has continued to accelerate its compliance efforts, its regulatory woes just keep mounting. The Monetary Authority of Singapore [MAS] is in the news today after it put the cryptocurrency exchange on its regulatory radar. The exchange platform was placed on the central bank’s Investor Alert List on 2 September. The list contains companies or entities that have not been licensed by the regulatory body but may have been wrongly perceived by investors to be regulated. Now, while no further details about the flagging have been provided, it comes

Japan’s Rakuten Wallet to resume XRP margin trading next week

While Ripple Labs and XRP continue to face scrutiny in the U.S, other countries and agencies might soon look at the latter more favorably. Rakuten Wallet, operated by one of Japan’s leading e-commerce portals, has just announced the resumption of XRP trading on its platform. Rakuten’s crypto-arm had discontinued services related to XRP in December last year following concerns arising from the SEC’s lawsuit in the U.S. At the time, the company had claimed that they were unsure if XRP’s liquidity could be secured. The entity had also raised concerns

Binance Coin: High-risk traders have this longing opportunity awaiting them

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Binance has been doing the rounds in the media for a number of reasons. Recently, the Securities Commission of Malaysia ordered the exchange to disable its website and cease offerings in the country for ‘illegally’ operating a Digital Asset Exchange. To add to Binance’s woes, financial services provider HSBC also suspended customer payments to Binance in the U.K., citing regulatory concerns raised by the FCA in June. However, this has

Malaysia Launches Enforcement Action Against ‘Illegally Operating’ Binance

In brief Malaysia's financial services regulator has taken enforcement action against Binance. The Securities Commission has said Binance is still operating illegally despite being listed on an alert list since July 2020. The Malaysia Securities Commission (SC) has today taken enforcement action against Binance for allegedly operating illegally in the country. The SC claims the crypto exchange is operating illegally as a Digital Asset Exchange, without the requisite registration requirements found in Sections 7(1) and 34(1) of the Capital Markets and Services Act 2007.  “Accordingly, the SC has issued a public

Malaysia’s Securities Commission Gives Tokenize Xchange The Green Light

The 3rd of April, 2020, marked the end of a nine-month probationary period that the Malaysia based crypto trading firm, Tokenize Malaysia, had gone through. Within this time, the company managed to gain full approval from Malaysia’s securities watchdog, the Securities Commission, or SC.Gaining Approval To Start TradingWith the approval given for the company to operate a Digital Assets Exchange, its namesake crypto trading platform, the Tokenize Xchange, has now gained the full legal support and regulation it needs. This was reported on SoyaCincau, a local news outlet, on the

Malaysian Securities Regulator Approves Crypto Trading Platform

Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog.With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings.Malaysian laws require that local cryptocurrency exchanges register with the SC, after which they have up to nine month to achieve compliance with the SC’s regulation standards.Commenting on the development, Hong