The Prime Minister of Malaysia, Datuk Seri Anwar Ibrahim, has revealed that the country is working on a new regulatory framework for digital finance in order to keep up with other countries in the digital asset space. During his visit to Abu Dhabi, he expressed interest in cooperating with the UAE government to promote the adoption of digital assets. Malaysia has seen high digital asset adoption in recent years, but its securities regulator has been strict with virtual asset service providers (VASPs) operating without licenses. The Prime Minister wants to regulate the sector better to protect investors and prevent potential issues. The UAE government has offered to assist Malaysia in its digital asset regulation efforts. However, while speed is seen as important, the Prime Minister also emphasized the need for thorough study and the development of competent personnel to strike a balance between investor protection and cracking down on illicit activities.



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