Digital ringgit? Not so fast


Rakuten's Lau said it might be too soon for many countries to implement CBDCs as they are adopting a wait-and-see attitude. — Bloomberg

PETALING JAYA: Despite Bank Negara having reiterated, in its Financial Sector Blueprint 2022 to 2026, that it has no immediate plans to launch a central bank digital currency (CBDC) last year, a discussion about it has regained momentum this week.

This is primarily in conjunction with Putrajaya’s launch of the National Digital Identity or Digital ID for Malaysians which saw Prime Minister Datuk Seri Anwar Ibrahim becoming the first person to obtain a Malaysian digital identification last Friday.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

FBM KLCI edges higher at midday amid selective buying
Johor Plantations achieves 3-star FTSE ESG rating, joins FTSE4Good index
PNB Merdeka Ventures secures ISO 9001:2015 certification
Japan plans US$189bil new debt issuance in next year's budget, draft shows
Stocks up as markets wind down to bumper year; gold and silver smash records
Logan Paul to sell most expensive Pok�mon card at auction
Saks Mulls bankruptcy after raising billions for turnaround
Dollar set for worst year since 2003 as rate outlooks diverge
PETRONAS seals long-term LNG supply deal with CNOOC
FBM KLCI dips in early trade despite Wall Street record close

Others Also Read