### Malaysia Explores Cryptocurrency Policy#

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The Malaysian government is actively exploring policies for cryptocurrency and blockchain technology, with Prime Minister Anwar Ibrahim stating that the government will study the formulation of digital financial policies to recognize cryptocurrencies and blockchain technology. He emphasized that Malaysia cannot fall behind and suggested that the Ministry of Finance, Securities Commission, and Bank Negara Malaysia conduct a comprehensive study, drawing on international experiences including Binance and the United Arab Emirates. Anwar revealed that he will submit related policy drafts to the cabinet and prioritize policy innovation in this area to break free from the constraints of traditional financial systems and move towards a new model of digital finance.

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Analysis

Malaysian Prime Minister Anwar Ibrahim recently announced that the government is exploring the development of a digital finance policy, aiming to recognize cryptocurrencies and blockchain technology. He stressed that cryptocurrencies and blockchain technology, similar to artificial intelligence, are rapidly transforming the financial world, and Malaysia cannot afford to fall behind. Anwar stated that the government will draw on international experiences, including those of Binance and the UAE, and submit a policy draft to the cabinet, prioritizing policy innovation in this area to break free from the shackles of traditional financial systems and move towards a new model of digital finance. This statement indicates that the Malaysian government is actively exploring cryptocurrency policy and hopes to develop a policy framework that meets its own development needs through research and learning from international experience. This move also reflects the Malaysian government's emphasis on digital finance and its determination to seize the opportunities of digital economic development.

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The Malaysian government is actively exploring policies for cryptocurrencies and blockchain technology to drive digital financial development.

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The Malaysian government recognizes the significant impact of cryptocurrencies and blockchain technology on the financial world and wants to avoid falling behind other countries.

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The Malaysian government will draw on international experience, including that of Binance and the UAE, in developing relevant policies.

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The Malaysian government will prioritize the advancement of innovative policies for cryptocurrencies and blockchain technology to break free from the constraints of traditional financial systems and move towards a new model of digital finance.

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