KUALA LUMPUR, Oct 26 — Digital assets traded in Malaysia have surpassed RM16 billion in value as of September 2021 since its introduction in 2019, said Securities Commission Malaysia chairman Datuk Syed Zaid Albar.
“Despite market uncertainties, investors’ participation in alternative and digital platforms continues to be robust. With nearly 60 per cent of individual investors under the age of 35 and accounting for more than four-fifths of participating investors, equity crowdfunding and peer-to-peer financing platforms are appealing to the masses,” he said in his opening remarks at the SC’s eighth annual fintech conference SCxSC, held virtually today.
There are currently 21 ECF and P2P platforms registered with the SC, which have collectively raised more than RM2.2 billion for close to 4,000 MSMEs since their inception.
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