It has been an amazing month of fintech firsts, and I would like to congratulate Fusang and HWGG Capital PLC on their respective successes. Fusang Exchange is the first fully-licensed securities exchange focused on digital assets in Asia while HWG Cash is the first licensed fiat-pegged cash token in Asia.
Their success is proof our continued focus on enhancing a business-friendly environment that includes facilitating digital or fintech businesses., whilst ensuring all businesses within the jurisdiction remains in adherence to international standards of compliance and transparency.
With the challenges facing IFCs globally, am sure you will not want to miss the unveiling of the 2018 industry performance by Labuan FSA at the end of the month. Suffice to say we are pleased with our performance last year, especially when you consider global operating environment, so stay tuned!
The team and I will be in Singapore for our annual participation at the Inter-Pacific Bar Association Annual Meeting and Conference (IPBA 2019), and earlier in the month we will be in Mauritius for the STEP Mauritius Conference and market development meetings.
Till the next time, happy reading!
Chief Executive Officer, Labuan IBFC Inc
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