Fasset secures provisional license from Malaysia to launch sharia-compliant digital bank

On October 7, it was reported that Fasset received a provisional license from Malaysian regulators for its digital bank, emphasizing compliance with Islamic law and stablecoin transactions.

Fasset is set to introduce encrypted debit cards for everyday use and launch the Ethereum Layer 2 platform ‘Own’ on Arbitrum to facilitate real-world asset transactions.

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