Malaysia to ensure inclusive tokenisation and digital assets
In a post on X on Wednesday (July 23), the Prime Minister said the implementation will also provide broad benefits to the people and will be strictly regulated to ensure the safety and stability of the country's digital ecosystem.
Anwar, who is also the Finance Minister, chaired this year's second Digital Assets and Artificial Intelligence Advisory Council meeting today, which focused on the future of digital assets in Malaysia's capital market.
'Among the main agenda items discussed were developments in blockchain technology, tokenisation, post-quantum cryptography, and the launch of the Malaysia Blockchain Infrastructure (MBI), which is a key driver of the nation's digital ecosystem.
'This meeting also served as a platform to exchange views on global market trends, the potential of digital assets, and future performance expectations based on technical perspectives from strategic partners,' he added.
On May 6, the Malaysian Securities Commission issued a consultation paper to gather public feedback on the proposed framework for tokenised capital market products.
The consultation paper seeks input on key areas, including governance controls, record-keeping and registration requirements, technology risk management, and additional requirements for licensed individuals dealing with tokenised capital market products. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
9 minutes ago
- The Sun
ASEAN must reframe economic strategy amid global polycrisis
KUALA LUMPUR: The Association of Southeast Asian Nations (ASEAN) needs to undertake a bold re-framing of its economic strategy as the region navigates a complex polycrisis, said Deputy Investment, Trade and Industry Minister Liew Chin Tong. He said the region is no stranger to a changing world order, and it has to create a middle class to turn ASEAN into a consumer base, and not just a production base. 'To have a strong middle class in ASEAN means that the world will have more than the current three large consumer markets: namely, the United States (US), Europe, and China. 'This in turn would enhance ASEAN's leverage over other regions,' he said in his keynote address at the Commemoration of the 58th ASEAN Day and the Seventh (7th) ASEAN Economic Integration Forum here today. Citing historical context, Liew said ASEAN was formed to solidify the newfound peace between Malaysia and Indonesia and to avoid wars among member states in times of chaos. 'ASEAN knew very well in 1967, just as it knows now, that only in a peaceful region will member nations grow richer. 'To maintain peace, ASEAN does not need the 'security umbrella' of any superpowers, but to build peace and prosperity among ASEAN member states,' said the deputy minister. Since the end of the Cold War and as the multiple conflicts in Indochina drew to a close in the 1990s, he said ASEAN has grown by leaps and bounds economically, but the region has pursued an export-led industrialisation strategy that presupposed the US as the final destination for exports. He also said ASEAN must grow richer before it gets older and called for economic policies that are empathetic and inclusive. 'We cannot afford to have hundreds of millions of people, both poor and old, which is a recipe for political and societal disaster,' he said. On climate change, he said the region is the most vulnerable and urged for courage, political will and financing to move fast enough to avert the crisis. He also said the ASEAN Power Grid is a great idea that needs financing and must improve equitability by bringing power to ordinary people who have never had access to energy. 'ASEAN needs much more funding to create common goods, such as a secretariat that has more resources, capacity, and capability,' Liew said. He added that the ASEAN Community Vision 2045 provides a comprehensive framework for a resilient, innovative, dynamic, and people-centred ASEAN. 'We will strengthen political-security cooperation to sustain peace and stability, accelerate economic integration underpinned by digital transformation and sustainable growth, and foster socio-cultural development that leaves no one behind,' he said. He further said an enhanced connectivity within ASEAN would ensure it is more integrated and agile to face future uncertainties together. - Bernama
Barnama
27 minutes ago
- Barnama
- Malaysia's Steady Hand In Delivering Aid: A Testament To MADANI Governance
Opinions on topical issues from thought leaders, columnists and editors. This effort is complemented by a historic one-time RM100 credit for every adult Malaysian starting Aug 31, along with the subsidised RON95 fuel at RM1.99 per litre. Prime Minister Datuk Seri Anwar Ibrahim recently unveiled a landmark initiative under his MADANI agenda. The Sejahtera MADANI programme, launched on July 24, aims to sustain and deepen support for nearly 150,000 households that have recently exited hardcore poverty. While some ASEAN countries face growing risks due to shrinking aid, Malaysia has proven that strong leadership, sound economic planning, and social responsibility can build lasting national resilience. This new phase builds upon previous achievements and strengthens the MADANI principles of inclusivity, compassion, and good governance. These measures show a government that is responsive to the people's needs and firmly committed to partnering with the corporate sector to uplift the rakyat. During challenging times, Malaysia did not merely weather the storm. Under Anwar's leadership, the country advanced toward a fairer and more caring society. Between 2023 and 2025, many ASEAN nations struggled with declining foreign assistance and shifting priorities among global donors. In contrast, Malaysia emerged as a beacon of resilience and responsible governance. Guided by Prime Minister Anwar and the MADANI administration, Malaysia showed that it could manage economic uncertainties while still protecting its citizens through focused and well-planned aid programmes. Unlike other regional nations that depended heavily on grants and international support, Malaysia's strength came from its ability to manage its own finances wisely. The MADANI framework emphasised values such as empathy, inclusivity, and sustainable development. At a time when development finance in Southeast Asia was levelling off or being reduced, Malaysia worked to build its own capacity and enhance social safety nets. In 2023 and 2024, while some ASEAN countries experienced pressure on their health and education sectors due to reduced donor funding, Malaysia responded by increasing national budget allocations in these areas. Prioritising people's needs The Belanjawan 2023 and Belanjawan 2024 budgets were widely praised for prioritising the needs of the rakyat. These included direct financial aid to low-income households through the Bantuan Tunai Rahmah programme, fuel subsidies, and efforts to bridge the digital divide for students and entrepreneurs. Prime Minister Anwar's administration also took important steps to protect the most vulnerable. Initiatives such as improving the eKasih database, supporting gig economy workers, and widening financial access through digital banking reflected a deep awareness of the public's needs in a changing economy. Most notably, while lower-income ASEAN countries began to feel the impact of donor withdrawal, Malaysia continued to support rural and underserved communities. Investments in public healthcare and targeted funding for small and medium enterprises helped shield the economy from global inflation and supply disruptions. As international aid began to retreat by 2025, Malaysia offered a powerful example. It proved that sustained, inclusive support must come from within. Prime Minister Anwar's vision has not only brought stability but also strengthened Malaysia's standing as a regional leader in equitable and people-centred governance. -- BERNAMA Ahmad Nizam Che Kasim is a lecturer with the Faculty of Business and Communication, Universiti Malaysia Perlis.
Barnama
42 minutes ago
- Barnama
CIMB And CEO Action Network Spotlights The Success Factors Behind China's Green Finance Surge At CIMB's Cooler Earth Sustainability Series
KUALA LUMPUR, Aug 8 (Bernama) -- CIMB Bank Berhad ('CIMB') and CEO Action Network ('CAN') co-hosted a high- level dialogue to explore how Malaysia and ASEAN can draw lessons from China's green finance journey. The event, held as part of CIMB's The Cooler Earth Sustainability Series, brought together over 300 participants comprising CEOs from various industries, regulators, government- linked investment companies ('GLICs') and CAN members. Dato' Fad'l Mohamed, Chief Executive Officer of Bursa Malaysia and Interim Chair of the CAN Steering Committee, opened the session by emphasising the importance of using real-world insights in shaping locally focused actions to address climate change.
