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Greenpro And Cryptosx of First Bullion Holdings Inc., Announce the Creation of a New Crypto Exchange in Malaysia as Well As The Creation and Onboarding of Stable Coins
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 12, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ). As recently announced, the Malaysian Government has given Greenpro
About this update from Greenpro Capital Corp.
[{"type":"text","content":"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 FSALabuan 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; andAct as the central regulatory, supervisory and enforcement authority of th...