Malaysia launches Digital Asset Center to pilot stablecoins and programmable money
Malaysia has launched the Digital Asset Innovation Center initiative, which will serve as a regulatory sandbox, allowing fintech and digital asset companies to test new technologies under the supervision of the country’s central bank. Malaysian Prime Minister Anwar Ibrahim announced the initiative on Tuesday at the 2025 Sasana Symposium in Kuala Lumpur. He described the center as “the beginning of a new chapter” for Malaysia’s digital economy. Ibrahim elaborated that the sandbox will enable the exploration of use cases such as programmable payments, ringgit-backed stablecoins, and supply chain financing in a controlled environment.
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