As we kick-start 2019, Malaysia makes bold new moves within the crypto world by introducing new laws on digital currencies and tokens, which came in effect under the Capital Markets and Services (Prescription of Securities, Digital Currency and Digital Tokens) Order 2019. Finance Minister Lim Guan Eng said “The Ministry of Finance (MOF) views digital assets, as well as its underlying blockchain technologies, as having the potential to bring about innovation in both old and new industries.” This further affirms that beyond the talks of fallen prices of cryptocurrencies, the confusion between STOs, ICOs and the likes, it is even more important to focus on the innovation that is taking place behind the scenes.
In partnership with REDmoney Events, R1 will be conducting our first public seminar of 2019, which is taking place on the 27th of February in Kuala Lumpur, Malaysia. The audience will be taken on a tour starting with the technical foundations from a non-technical point of view through to analysing some of the most popular use cases, such as trade finance and escrow. We’ll also be discussing how this new technology can be applied to Islamic finance – from smart Sukuk to decentralized Takaful models and automated Wakalah.