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Malaysia’s central bank actively assessing CBDC options

Malaysia’s central bank actively assessing CBDC options

Malaysia’s central bank, Bank Negara Malaysia has joined the growing cadre of nations that are exploring the value of researching and developing a central bank digital currency (CBDC).

In 2021, Malaysia collaborated with South Africa, Australia, and Southeast Asian neighbor Singapore to develop a proof-of-concept CBDC pilot called Project Dunbar, according to a joint announcement.

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