Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Bank Negara Malaysia to assess the compliance of stablecoins with Shariah standards in relation to the ringgit., 2026/02/12 10:15:46
The Central Bank of Malaysia (BNM) has initiated a regulatory sandbox through the Digital Asset Innovation Hub (DAIH) to evaluate ringgit-pegged stablecoins in international transactions, as well as tokenized real-world assets (RWA).
The regulator announced that tokenized bank deposits will be tested as part of pilot programs. The findings from these studies may inform the development of a central bank digital currency (CBDC) intended for interbank settlements.
Participants in the project include Standard Chartered Bank, CIMB Group Holding, Maybank, and the investment holding company Capital A.
Related Posts
The central bank will also assess whether transactions involving tokenized assets and the potential CBDC comply with Islamic law. To be eligible for use, these instruments must receive approval from a Sharia perspective.
In November 2025, BNM unveiled a three-year roadmap for advancing tokenization across various sectors of the economy. Key areas of focus include supply chain management, Sharia-compliant financial products, lending, and 24/7 cross-border settlements.
In December, Malaysia’s Crown Prince Tunku Ismail Ibni Sultan Ibrahim announced the launch of the RMJDT stablecoin, which is pegged to the ringgit. The token was issued by the prince’s telecommunications company, Bullish Aim. The project is currently in the testing phase and is not yet available for trading.
Previously, BNM stated that cryptocurrencies would not be recognized as legal tender in the country. Authorities also plan to streamline the listing procedures for crypto assets and strengthen requirements for platform operators to protect users and combat money laundering.
