BNM to Advance Research on Wholesale CBDC Applications

Quick Summary:

Bank Negara Malaysia (BNM) is actively conducting preparatory work to assess the potential of a wholesale Central Bank Digital Currency (CBDC), according to The Sun.

The goal is to significantly enhance the efficiency of cross-border payments and settlements between banks, ultimately promoting greater financial inclusion for all Malaysians.

The central bank believes that Malaysia’s existing [...]

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Article Details

Category: StartupsBusinessTechnology

Markets: MalaysiaIndiaPhilippinesSingaporeThailand

Topics: Payments Bank Negara Malaysia BNM Blockchain/Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 02:56:18 (5 days ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fintech News Malaysia

News ID: 23809613

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About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Update Frequency: 2 posts per day

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 11 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #74

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