Malaysia may join those countries that are planning to issue their national digital currency (CBDC).
The Central Bank of this country has not yet made a final decision. Soon, he will focus on exploring the potential of the token and developing the CBDC concept.
If the Central Bank concludes that it needs a digital currency, then it will accelerate work in this direction, reports Bloomberg.
Last year, Malaysia participated in a project to test the token in Southeast Asia. The central banks of Australia, Singapore, and South Africa also took part in it.
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The Dunbar project was based on a blockchain developed by the ConsenSys team.
Transactions were carried out in a test mode through decentralized networks without the involvement of intermediaries, which made it possible to significantly reduce transaction costs.
In April last year, PwC published a study listing the countries that have been most successful in developing fiat-pegged digital currencies. The rating was headed by the Bahamas, followed by Cambodia and China.