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BTCC / BTCC Square / Global Cryptocurrency /
Malaysia Launches Digital Asset Hub with Plans for Ringgit-Backed Stablecoin

Malaysia Launches Digital Asset Hub with Plans for Ringgit-Backed Stablecoin

Author:
Global Cryptocurrency
Published:
2025-06-17 09:16:02
10
1

Malaysia Prime Minister Anwar Ibrahim unveiled the Digital Asset Innovation Hub at the Sasana Symposium 2025, marking a strategic push by Bank Negara Malaysia to foster financial innovation under regulated oversight. The hub will serve as a testing ground for programmable money and a ringgit-backed stablecoin, though technical details remain scarce.

Bank Negara Governor Dato'' Seri Abdul Rasheed Ghaffour framed the initiative as part of broader structural reforms requiring cross-institutional collaboration. The MOVE aligns Malaysia with global financial centers exploring CBDCs and regulated stablecoins, though implementation timelines are unclear.

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