PANews reported on January 15 that according to the New Straits Times, Malaysian Prime Minister Anwar Ibrahim said that the government is studying and formulating digital financial policies in order to recognize cryptocurrency and blockchain technology. During the Abu Dhabi Sustainability Week, he discussed with the Abu Dhabi government and Binance founder Zhao Changpeng how to promote the development of this field.

Anwar stressed that cryptocurrency and blockchain technology, similar to artificial intelligence, are rapidly changing the financial world and Malaysia cannot fall behind. He suggested that the Ministry of Finance, the Securities Commission and the National Bank of Malaysia conduct a comprehensive study and said that the government will learn from international experience including Binance and the UAE.

He revealed that he would submit a relevant policy draft to the cabinet and give priority to promoting policy innovation in this area in order to break away from the constraints of the traditional financial system and move towards a new model of digital finance.