Malaysia launches digital asset center to test stablecoins and programmable currencies

ChainCatcher news, according to Cointelegraph, Malaysian Prime Minister Anwar Ibrahim announced the launch of the "Digital Asset Innovation Center" program at the 2025 Sasana seminar. This regulatory sandbox, led by Bank Negara Malaysia, will allow for the testing of innovations such as the ringgit stablecoin and programmable payments, aiming to position the country as a regional fintech hub. Bank Negara Malaysia Governor Abdul Rasheed Ghaffour stated that the country is simultaneously upgrading the Rentas payment system and exploring cross-border payment connectivity and asset tokenization.