BlockBeats News, February 12 — According to Cointelegraph, the Central Bank of Malaysia stated that its Digital Asset Innovation Center is piloting three regulatory sandbox programs to research and develop stablecoins and tokenized bank deposits.
BNM’s related initiatives mainly focus on using the Malaysian ringgit stablecoin for cross-border settlements and developing tokenized real-world assets (RWA).
The pilot also aims to test tokenized bank deposits, with all research findings potentially serving as references for future development of wholesale central bank digital currencies (CBDC), which are on-chain legal tender issued and managed directly by the central bank.
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