Yesterday, Prime Minister Anwar Ibrahim announced that the Malaysian government agreed to form the Advisory Council of Digital Assets and Artificial Intelligence (AI). Its purpose? A strategic body aimed at positioning Malaysia as a global leader in emerging digital technologies and enhancing national competitiveness.
Anwar chaired the inaugural meeting, discussing and focusing on Malaysia's potential to become a regional hub for blockchain, digital assets, and AI applications across sectors such as cross-border trade, the halal industry, and Islamic finance. Key discussions emphasised tokenisation, stablecoins, crypto assets, big data analytics, and cloud computing.
He said in his Facebook post that, as digital asset technologies and AI are now the main drivers of global economic growth and national competitiveness, these technologies are expected to drive market innovation, speed up transactions, and improve transparency and regulatory compliance.
The Prime Minister also acknowledged the importance of inter-agency collaboration, citing ongoing efforts with Bank Negara Malaysia, the Securities Commission, and ministries overseeing digital, investment, trade, science, and innovation to ensure a supportive regulatory framework. Together, he hopes they can create a more efficient, secure, and inclusive digital financial ecosystem.
At the end of his post, he said that as long as with strong leadership and a rapidly maturing tech ecosystem, Malaysia is well-positioned to rise as a key player in the global digital economy. Stay tuned for more trending tech news at TechNave.com.
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