Digital asset exchanges essential for Malaysia 5.0

  • Letters Premium
  • Wednesday, 19 Aug 2020

THE Malaysia Digital Economy Corporation (MDEC) is tasked with organising and leading Malaysia's digital economy forward. MDEC has recently announced Malaysia 5.0, which can contribute to a more sustainable and circular economy by building this national digital ecosystem with a unified alliance of stakeholders both within government and across private enterprises to enable business and societal migration to the digital age.

Malaysia 5.0 will address financial inclusion, access, performance and growth through Fourth Industrial Revolution (IR4.0) tools such as digital assets (FinTech), blockchain and artificial intelligence (AI). Digital network hubs will emerge as core components of every country’s digital infrastructure, facilitating the interoperability of goods and services that flow through them with interconnectivity between such hubs.

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