The Central Bank of Malaysia had recently completed proof-of-concept work for the CBDC. At the end of the process, the Central Bank began to review CBCD options, one of which is to leverage blockchain technology for cross-border payments.
Bank Negara Malaysia has not yet reached a firm decision on how to proceed with the CBDCs, Research & Development stated that they are in phase. In this research, it is expected that CBDCs will be used in the future. against the spread declared to be ready.
Malaysia in 2021, “Project Dunbar” It had teamed up with South Africa, Australia and its Southeast Asian neighbor Singapore to develop a proof-of-concept CBDC pilot programme. “Project Dunbar” used the Corda and Quorum blockchain platforms from r3 and ConsenSys, respectively, to see options for blockchain-based cross-border remittances. The most important purpose of blockchain technology is “how to eliminate the need for intermediaries and reduce the time and cost of transactions“It was to reveal.
The CBDC ecosystem continues to grow and incorporate new countries. China is currently digital yuan running a CBDC pilot program called By far the largest country and mobile application since January 4 Reached over 20 million downloads is in the situation. China, next month in Beijing Winter Olympics with the passports of international visitors during access the digital yuan plans to allow