SC Seeks Public Feedback on Proposed Initial Coin Offering and Property Crowdfunding Frameworks
6 March 2019   |   Kuala Lumpur
The Securities Commission Malaysia (SC) today published two consultation papers to seek public feedback on the frameworks for Initial Coin Offering (ICO) and property crowdfunding.

ICO is an alternative fundraising avenue that leverages distributed ledger technology including blockchain. It involves the issuance of digital tokens by an issuer who wishes to raise funds for a project or venture.

The consultation paper discusses the proposed framework for, among others, the eligibility of issuers, the need for transparent and adequate disclosures as well as utilisation of proceeds of the ICO.

The second consultation paper on property crowdfunding framework follows on from Budget 2019, which identified crowdfunding platforms as an avenue to provide an alternative funding source for first-time homebuyers while providing investors access to a new asset class.

The SC is seeking public feedback on the proposed regulatory framework which will, among others, set the eligibility requirements of first-time homebuyers, criteria of properties which can be listed on the platform, obligations of platform operators and financing limits.

The two consultation papers are available at the SC website and the public can submit their comments to [email protected] by 29 March 2019. 


about the SC
The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

General Line: +603-6204 8000
General Email: [email protected]
© Copyright Securities Commission Malaysia.  Contact Us   |    Disclaimer   |   The site is best viewed using Microsoft Edge and Google Chrome with minimum resolution of 1280x1024
Generic Popup