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Malaysia launches a digital asset center to test stablecoins and Programmability coins.
PANews reported on June 17 that, according to Cointelegraph, Malaysian Prime Minister Anwar Ibrahim announced the launch of the "Digital Asset Innovation Center" program at the 2025 Sasana Symposium. The regulatory sandbox, led by Bank Negara Malaysia, will allow testing of innovative applications such as ringgit stablecoins, programmable payments, and more, with the aim of propelling the country as a regional fintech hub. Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said the country is simultaneously upgrading the Rentas payment system, exploring cross-border payment interconnection and asset tokenization.