During a speech today Malaysia’s Prime Minister Anwar Ibrahim unveiled the Digital Asset Innovation Hub, a regulatory sandbox for local and international fintechs to experiment. Use cases are expected to include programmable payments, ringgit-backed stablecoins and supply chain financing.
“Our ambition is clear – to align infrastructure, policy and talent, across both the public and private sectors, in pursuit of a digitally capable, future-ready Malaysia,” said the Prime Minister, as reported by the Business Times.
While the newspaper didn’t say the central bank will host the Innovation Hub, given the description of payment oriented use cases, it would be the natural home. This assumption was reinforced by remarks at the same event from Abdul Rasheed Ghaffour, the Governor of the Bank Negara Malaysia, the central bank.
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