Malaysia's Central Bank blazes own path in digital currencies
Malaysia’s Central Bank blazes own path in digital currencies By The bank prefers a project to gauge the merits of a central bank digital currency with an initial focus on wholesale CBDCs The initial stage is unlikely to focus on a retail CBDC similar to China’s digital yuan or Sweden’s e-krona The world’s central banks are slowly beginning to acknowledge the impact that digital payments are having on the financial system and economy. Interest intensified when China launched its own Digital Yuan. Countries then began actively experimenting with the opportunities presented by explorin...