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Malaysia's Prime Minister Datuk, Seri Anwar Ibrahim seeks to take a forward-thinking stance on blockchain technology and cryptocurrencies. When he appeared at Abu Dhabi Sustainability Week 2025 he worried about modernizing banking systems and ensuring the right policies were in place.
Anwar discussed the possibilities with Changpeng Zhao the former CEO of Binance and Abu Dhabi leaders. He highlighted the significance of protecting citizens and welcoming technological developments like artificial intelligence. The Malaysian cabinet will shortly present an idea for a digital finance strategy.
Blockchain Adoption Plan of Malaysia
Prime Minister Datuk Seri Anwar Ibrahim of Malaysia has revealed that his nation aims to take a progressive approach to blockchain technology and cryptocurrency, promoting law, regulations, and international cooperation. During his speech throughout the Abu Dhabi Sustainability Week, Anwar outlined the necessity of modernizing Malaysia's financial systems.
He highlighted conversations with Changpeng Zhao (CZ), the former CEO of Binance and a part of Abu Dhabi's elite. I have discussed Binance and the Abu Dhabi leadership with Changpeng Zhao, co-founder of the largest cryptocurrency platform in the world for a long time" Anwar said. He recommended that essential organizations, such as the central bank, research digital finance, claiming:
“A few months ago, I recommended that the treasury, security, and Bank Negara agency look into this and see how Malaysia can maintain it so we don't fall behind. Making sure it is controlled could protect the public's interests and stop leaks.”
Digital Finance Vision
CZ declared the nature of the conversations by going into further detail on social media platform X. The former head of Binance claimed:
“Malaysia current blockchain position. The conversations concentrated on Malaysia and the cryptocurrency sector, including laws, hazards, rules, and cross-border and industry cooperation rather than Binance. Go ahead!”
This strengthened War's focus on creating a strong foundation for digital finance. The prime minister also linked artificial intelligence (AI) to digital finance's revolutionary potential. However this invention is relevant to AI revolutionizing the banking industry. We shouldn't watch hopelessly and be made to do it after others have already done it.
Fintech Advancement Drive
Anwar highlighted the importance of implementing comparable developments in Malaysia and commended the United Arab Emirates' (UAE) leadership in digital finance. "They ensure they can work closely with Malaysia on this subject. We must have an extensive discussion about this reject the outdated business model, and give this digital finance policy purpose," he stated.
He claimed that many resisted change, saying: "We have talked significantly about fintech. However, we become upset when something new happens. "I hope we can be more open to this," he stated in closing, calling for immediate action. I am motivated to expedite and approve this. The cabinet will soon be issued a policy proposal that requires input from multiple agencies.