Cointime

Cointime

Download App
iOS & Android

MalMalaysia National Blockchain

Validated Individual Expert

Malaysia rarely appears on blockchain news, yet our observations show that the country is home to many interesting projects, global collaborations, and the government is actively promoting the technology.

Zetrix, a layer 1 blockchain project of Malaysian MYEG e-government solutions giant cooperates with China’s national blockchain, Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) on developing Malaysia Blockchain Infrastructure (MBI). The MBI is a key strategy of the National Blockchain Roadmap that was launched by the Ministry of Science, Technology and Innovation (MOSTI) on 9th August 2022.

China’s Xinghuo BIF is a national blockchain infrastructure under the Ministry of Industry and Information Technology managed by the China Academy of Information and Communications Technology launched in 2022. This is the second national blockchain project by China after the Blockchain-based Service Network (BSN) which was launched in 2020.

The National Blockchain Roadmap 2021–2025, published by the Malaysian Ministry of Science, Technology and Innovation (MOSTI), provides a comprehensive plan for the adoption and implementation of blockchain technology in Malaysia. The roadmap covers not only the financial applications of the technology, but also its potential in supply chain management, governance, and healthcare. It also outlines the key challenges and opportunities for blockchain technology in Malaysia and provides recommendations for stakeholders in the public and private sectors.

Malaysia’s central bank, Bank Negara Malaysia (BNM), has been exploring the use of blockchain technology to improve the country’s financial infrastructure. BNM collaborates with the BIS Innovation Hub, Reserve Bank of Australia, Monetary Authority of Singapore, and South African Reserve Bank on the wholesale CBDC Project Dunbar. In a recent query of Bloomberg, a BNM representative answered that “BNM is actively assessing the value proposition of central bank digital currency (CBDC) to Malaysia,”

From the commercial banks, Kenanga Investment Bank Berhad made most of the crypto news in Malaysia. In 2021 this largest private investment bank acquired a stake in the local crypto exchange. In 2022 it was reported that it partnered with China’s tech giant Ant Group to launch a crypto-friendly wallet and trading application. Its launch was expected in early 2023, however, at the time of writing there were no updates regarding it.

Crypto tech firms and startups are also active in Malaysia. The most prominent one is EtherScan, the most advanced block explorer and analytics platform for Ethereum platform. Founded in 2015, the team behind Etherscan has since expanded into other chains, creating block explorers for Fantom, Polygon, BSC, Arbitrum, Solana and many more.

Malaysia’s crypto regulation does not prohibit the use of cryptocurrencies, although a statement dated 2014 is placed on the central bank’s website warning citizens about the risks of Bitcoin. Crypto companies have to comply with AML and TF rules as well as amendments regarding token projects passed in 2019. Malaysian Securities Commission has published guidelines on recognized markets that govern public crowdfunding, p2p and other activities relevant to digital asset operators.

CBDC Blockchain Cryptocurrency
Comments

All Comments

Recommended for you

  • Fed's Daly: Likelihood of Rate Hike Lower than Rate Cut or Holding Steady

    Fed's Daly stated that if the Iran conflict is resolved quickly and oil prices decline, a rate cut is 'not out of the question.' If inflation remains above expectations for an extended period, we will remain cautious until we are confident that the inflation issue has been addressed. We had work to do on inflation before the oil price shock; now, this work simply requires more time. The likelihood of a rate hike is considered lower than that of a rate cut or maintaining the current rate.

  • BTC Surpasses $72,000

    Market data shows that BTC has surpassed $72,000, currently priced at $72,004.75, with a 24-hour increase of 1%. The market is highly volatile, so please ensure proper risk management.

  • HSBC Plans to Launch Hong Kong Dollar-Pegged Stablecoin in Second Half of 2026

    On April 10, HSBC announced its support for the Hong Kong Monetary Authority's issuance of stablecoin licenses. The bank plans to launch a Hong Kong dollar-pegged stablecoin in the second half of 2026.

  • HSBC and Standard Chartered Obtain Stablecoin Licenses in Hong Kong

    On April 10, the Hong Kong Monetary Authority announced that the Financial Commissioner has granted stablecoin issuer licenses to two institutions—Anchor Financial Technology Limited (a company formed by Standard Chartered Bank (Hong Kong), Hong Kong Telecom, and Anxin Group) and HSBC. This marks a new phase in the implementation of Hong Kong's stablecoin regulatory framework.

  • Iranian Parliament Proposes Permanent Ban on Oil Tankers Linked to US and Israel in Strait of Hormuz

    On April 10, market news: Ebrahim Azizi, chairman of the Iranian Parliament's National Security Committee, stated that the parliament has proposed a measure to permanently prohibit oil tankers associated with the United States and Israel from passing through the Strait of Hormuz. Vessels linked to Israel or traveling to and from Israel will also be banned from passage, and this prohibition will extend to countries that take action against the 'Resistance Front.'

  • Hong Kong's First Batch of Stablecoin Licenses to be Announced Today Afternoon

    On April 10, the Hong Kong Monetary Authority (HKMA) will announce the first batch of stablecoin licenses at 5 PM. Following this, licensed stablecoin issuers will meet with the media. Previously, the HKMA completed the final review of the first batch of applications in mid-March 2026 and is now in the official public announcement preparation stage. The HKMA received a total of 36 applications and plans to issue 2 to 3 licenses in this first batch, with strict regulatory standards. In early February this year, HKMA Chief Executive Eddie Yue stated that they aimed to issue the first stablecoin issuer licenses in Hong Kong in March, emphasizing that 'the number of licenses issued in the first batch will definitely be limited, with a focus on prudence.' (Daily Economic News)

  • DeepSeek Officially Introduces Features of DeepSeek V4

    On April 10, the DeepSeek official blog published an article introducing DeepSeek V4, the flagship model set to be launched by DeepSeek. This model not only breaks the limits of parameter scale but also promises unprecedented efficiency. DeepSeek V4 is expected to handle 1 trillion (1T) parameters, natively supports multimodal data including text, images, videos, and audio, and features a context window of 1 million tokens (equivalent to 15-20 complete novels), making it a direct competitor to Western giants like OpenAI's GPT-5.4 and Anthropic's Claude Opus 4.5. The API pricing for DeepSeek V4 is 10-50 times cheaper than that of GPT-5.4 and Claude Opus 4.5; it is anticipated that DeepSeek V4 will be open-sourced under the Apache 2.0 license. DeepSeek V4 can run locally on dual RTX 4090 or single RTX 5090 setups. Additionally, DeepSeek introduced three groundbreaking innovations for DeepSeek V4: 1. Engram memory; 2. Manifold-constrained hyperconnection (mHC); 3. Sparse attention mechanism (DSA) and Lightning indexer. Furthermore, the DeepSeek official statement noted that due to strict U.S. export restrictions on high-end NVIDIA GPUs (such as the B300 and H200), DeepSeek has optimized V4 to primarily rely on domestically produced chips in China for inference. While initial training may still have utilized NVIDIA hardware (like H800s), the model has been highly optimized for Huawei's Ascend 950PR and Cambricon MLU chips.

  • US Spot Ethereum ETF Sees Net Inflow of $106.16 Million

    On April 10, according to monitoring by Trader T, the US spot Ethereum ETF recorded a net inflow of $106.16 million yesterday.

  • US Spot Bitcoin ETF Sees Net Inflow of $304.9 Million Yesterday

    On April 10, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $304.9 million yesterday.

  • ETH Falls Below $2200

    Market data shows that ETH has fallen below $2200, currently priced at $2199.32, with a 24-hour increase of 1.11%. The market is experiencing significant volatility, so please ensure proper risk management.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company