CoinVoice has recently learned, according to Pressreader, that the central bank of Malaysia is collaborating with several local financial institutions to research the potential of wholesale central bank digital currency through proof of concept (POC), aiming to optimize Malaysia's wholesale payment system RENTAS.
The central bank of Malaysia is also actively involved in several cross-border wholesale digital currency and innovation projects led by the Bank for International Settlements Innovation Hub, such as the 'Dunbar Project,' 'Mandala Project,' 'Rialto Project,' and 'mBridge Project,' primarily serving as an observer in these projects. 'These projects deeply explore the application of distributed ledger technology (DLT) and central bank digital currency with the aim of enhancing the efficiency of cross-border payments.'
According to reports, the central bank of Malaysia is participating in these projects to deepen the understanding of institutions and the financial industry regarding central bank digital currency, laying the foundation for potential future developments. [Original link]