KUALA LUMPUR, Dec 12 (Bernama) — “Labuan International Business and Financial Centre’s (Labuan IBFC’s) “digital family” continues to grow in recognition of the progressive approach the centre has taken in embracing the digital revolution by being as facilitative as possible to enable innovative digital business to take root in Labuan,” said Labuan Financial Services Authority (Labuan FSA) Director-General, Danial Mah Abdullah at the inaugural Connecting Digital Ecosystems in Asia 2019 (CoDE Asia 2019) conference in Kuala Lumpur today.
Mah added: “To this extent, the centre has used legacy licenses like money broker, credit token licenses to provide the regulatory umbrella for the digital business to be carried out. Now that is innovation by itself. Thus, the centre has a “toolbox” of solutions to meet the needs of the rapidly expanding digital industry, whether from the supply or demand side”.