The current crypto market is still in its cloudy days, do you have private investors who are going to give you seed money for this exchange?
Since it is based in Malaysia, is it registered in that country and have the legal documents to operate in that region?
Hi Timeteller,
Thank you for your query.
Yes, first of all the exchange is financed by Capital Investement Bank Ltd. Labuan. The initial funds are from the founding body and CIBL and the first version of the exchange to be released July 2019 will be based on the funding from private round investors and the founding body.
Second, yes, we are doing well in the private round and the management is already in negotiation with Ten+ Private Round Investors (institutional round venture capitalists).
Third, the Finafex Platform is based and regulated in Labuan, and it is compliant to regulations by Labuan Offshore Financial Authority and LOFSA Act 2011.
If you have any query, please feel free to contact us at
norita@finafex.com or join our telegram channel.
Warm Regards