Malaysia’s Central Bank Launches Regulatory Sandbox for Stablecoins and Tokenization

Bank Negara Malaysia (BNM) has officially announced the launch of a specialized regulatory sandbox focused on stablecoins and asset tokenization. This initiative is part of the central bank’s ongoing efforts to foster financial innovation while ensuring the stability and integrity of the nation’s financial system. The sandbox provides a controlled environment for fintech firms and financial institutions to test blockchain-based solutions, allowing BNM to assess potential risks and develop appropriate regulatory frameworks. By encouraging the exploration of digital assets, Malaysia aims to enhance the efficiency of payment systems and position itself as a hub for digital finance in Southeast Asia. Interested participants are required to meet specific eligibility criteria, including robust security measures and clear value propositions for the Malaysian market.

Source: Malaysia’s central bank announces stablecoin and tokenization sandbox