KUALA LUMPUR, Dec 15 ― Bank Negara Malaysia has no immediate plan to issue Central Bank Digital Currency , Deputy Finance Minister II Yamani Hafez Musa said.
“However, BNM will continue to actively assess the potential of CBDC to achieve public policy objectives,” he said during a question and answer session at the Dewan Rakyat today. “CBDC is a digital payment instrument issued by a central bank and it is being explored and studied by various central banks in the world,” he said.
“In the financial sector, the first application of blockchain technology is in cryptocurrencies or digital currencies such as Bitcoin,” he said.
There is a big difference between a bank that does not issue bank currency (the Ringgit) and a bank that does not issue DIGITAL bank currency.
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