Malaysian Prime Minister Discusses Digital Finance Policy with Abu Dhabi and CZ

Source
YM Lee

Summary

  • The Malaysian Prime Minister reported discussions on establishing digital finance policy with the Abu Dhabi government and the founder of Binance.
  • The Prime Minister emphasized the need for significant changes in digital innovation, data centers, and artificial intelligence.
  • Malaysia expressed its intention to secure leadership in the digital finance sector through cooperation with the UAE.

Malaysian Prime Minister Datuk Seri Anwar Ibrahim announced discussions on digital finance policy with the Abu Dhabi government and Binance founder Changpeng Zhao.

According to the Straight Times on the 15th (local time), Prime Minister Datuk Seri Anwar Ibrahim said, "We discussed digital innovation, data centers, and artificial intelligence (AI) with CZ and the Abu Dhabi government. We are now faced with a situation where we must think about significant changes."

He also emphasized that Malaysia should not fall behind in industrial development, citing the example of the United Arab Emirates. He stressed, "For several months, I have been proposing digital innovation to institutions such as finance and banking. We cannot sit idly by and lose the initiative. We must give meaning to digital finance policy through close cooperation with UAE leaders."

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YM Lee

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