Malaysia's PM Anwar Ibrahim Urges Study of Bitcoin and Crypto After Talks with Binance's CZ and Abu Dhabi Officials

Jan 15, 2025, 11:01 AM

Malaysia's Prime Minister Anwar Ibrahim has urged the country's central bank and treasury to study Bitcoin and cryptocurrencies to ensure the nation is not left behind in the rapidly evolving financial sector. Anwar emphasized the need for Malaysia to move quickly and not be trapped in the old financial system, highlighting that cryptocurrencies could revamp the financial world. This push for new policies comes after discussions with Binance CEO Changpeng Zhao and officials from Abu Dhabi, focusing on modernizing Malaysia's financial system and learning from the experiences of other countries like the UAE.