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Malaysia’s Central Bank Studies Need for a Digital Currency

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Malaysia is assessing the potential benefits of adopting a digital currency, the nation’s central bank said.  

Bank Negara Malaysia “is actively assessing the value proposition of central bank digital currency (CBDC) to Malaysia,” it said in an emailed response to a query from Bloomberg. “While a decision has not been made to issue CBDC, we have focused our research on CBDC via proof-of-concept and experimentation to enhance our technical and policy capabilities, should the need to issue CBDC arise in the future.”