The Prime Minister of Malaysia, Anwar Ibrahim, had a meeting with the founder of Binance, CZ, to discuss Malaysia's potential development in digital assets and blockchain. Anwar emphasized the importance of continuing dialogue with agencies such as the Securities Commission, National Bank, and Digital Ministry to find solutions that promote responsible innovation. He also pointed out that the government plays a crucial role in encouraging blockchain applications, such as encrypting financial instruments and other use cases.
This development policy aims to create a favorable environment for the application and deployment of blockchain technology, bringing benefits not only economically but also increasing transparency and safety for the national financial system. Anwar also noted that cooperation between financial and technology institutions is a prerequisite for ensuring success in promoting cryptocurrency in Malaysia.
The development of cryptocurrency and blockchain technology is not limited to technical improvements but also requires changes in the mindset and operational processes of regulatory agencies. This demonstrates Malaysia's efforts to become one of the leading financial centers in the region for cryptocurrency technology, while ensuring sustainable and responsible development in this industry.
