(Q5) KLIATV interview with Labuan IBFC Inc.
Labuan International Business and Financial Centre (Labuan IBFC) offers a comprehensive digital financial services ecosystem, consisting of three pillars:
• Firstly - Digital Financial Institutions such as digital banks and insurtech providers,
• Secondly - Digital Service Providers comprising digital tokens and assets issuances, digital currency trading platforms, digital asset management and digital securities dealers), and
• Thirdly - Digital Platforms involving payment portals and digital securities exchanges).
All the businesses offered in Labuan IBFC’s digital ecosystem are carried out in a non-sandbox environment, meaning businesses are operated in a real business environment. Businesses may choose to combine licenses to achieve their operational objectives.
• Firstly - Digital Financial Institutions such as digital banks and insurtech providers,
• Secondly - Digital Service Providers comprising digital tokens and assets issuances, digital currency trading platforms, digital asset management and digital securities dealers), and
• Thirdly - Digital Platforms involving payment portals and digital securities exchanges).
All the businesses offered in Labuan IBFC’s digital ecosystem are carried out in a non-sandbox environment, meaning businesses are operated in a real business environment. Businesses may choose to combine licenses to achieve their operational objectives.