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Malaysian Prime Minister Anwar Ibrahim announced Digital Asset Innovation HubA project that will serve as a terrain for financial technology and initiatives for digital assets.
According to a Business Times report on June 17The goal is allow companies to test their tools and products, while the central bank in the country is monitored by the procedure.
The announcement arrived during the Sasan Symposium 2025 in Kuala Lumpur.
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Anwar explained that companies will be able to Test features such as programming payments, stable trees supported ringgit and solutions for funding a supply chain. These tests will take place in a safe and controlled environment.
Anwar said at an event:
Our ambition is clear-to-kill infrastructure, politics and talent in the public and private sector in search of a digitally capable, future ready for Malaysia.
The head of the Central Bank, Abdul Rasheed Ghaffour, noted that the Malaysia financial system must be adapted to remain competitive.
Ghaffour has cited several projects that are already ongoing. They include updates of the payment system in the country, closer to connections with foreign networks to pay and work on the tokenization of the property.
Officials say the sand box is not just for crypto projects. Other companies working on Payment technology, automated compliance or international transfers are also welcome.
June 15, Michael Saylor, the executive chairman of the strategy, offered to help Pakistan because he develops his cryptocurrency strategy. How would you plan to do it? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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