The Malaysian government is actively advancing a digital finance policy to accelerate digital transformation and recognize the potential of cryptocurrency and blockchain technology.
Prime Minister Datuk Seri Anwar Ibrahim engaged in in-depth discussions with the UAE government and Binance co-founder Zhao Changpeng during his visit to the UAE.
Anwar highlighted that the policy aims to ensure the secure use of cryptocurrency through regulations, safeguarding public interests and preventing capital outflow. He remarked, “We must seize the opportunities brought by digital transformation and AI, rather than playing catch-up after other countries take the lead.”
He also revealed that months ago, the Ministry of Finance, Bank Negara Malaysia, and relevant agencies were instructed to explore how cryptocurrency can be regulated, ensuring Malaysia remains competitive in the global innovation landscape.
The UAE serves as a benchmark in this field, offering valuable insights for Malaysia. Anwar believes that successfully implementing this policy could position Malaysia as an emerging global hub for digital finance and blockchain technology.
Source: The Star Time
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