Digital currency need being studied

“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,” Bank Nagara said.

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

Bank Negara “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.