Digital Finance
Digital Finance
Digital finance may not sound familiar to general public but were actually commonly used on their daily basis. Digital finance can be currently divided into four sectors:
i. Payments and currencies (crypto-currencies, currency exchanges, mobile money and payment apps)
ii. Software and Applications (any new process designed to improve back and middle office processes)
iii. Platforms (crowdfunding, fund raising, secondary trading)
iv. Data/analytics (technology which gathers and analyses data to produce information to improve businesses)
Why Labuan IBFC has the potential in facilitating Asia’s Digital Revolution?
-Labuan IBFC has existing digital friendly license toolbox for block chain, cryptocurrencies and fintech-related entities namely via money broking license, credit token license, securities dealer license, payment portal approval, private fund management license, etc.
-Labuan IBFC has a forward-thinking regulatory approach and fintech friendly existing legal structures and license
-Labuan IBFC has the advancement in technology have ultimately altered the financial services landscape
-Labuan IBFC’s tax, legal and currency neutrality are industry-friendly
-Labuan IBFC is the expertise in delivering cross-border financial services