BNM to Test Ringgit Stablecoins and Tokenised Deposits This Year

Bank Negara Malaysia is initiating trials for ringgit stablecoins and tokenized deposits via its Digital Asset Innovation Hub this year. This move signals a structured approach to integrating digital assets with traditional finance. We need to monitor how these pilots handle regulatory compliance and settlement efficiency. The testing phase will likely clarify the technological requirements for broader issuance. This.