The central bank digital currency in Malaysia a literature review
Central Bank Digital Currency (CBDC) is a digital form of central bank money, and is different from traditional reserves or settlement accounts balances. In line with the digital technology era, CBDC has gained interest among the majority of the countries. Central banks in a number of countries hav...
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my.iium.irep.992352022-08-05T06:54:33Z http://irep.iium.edu.my/99235/ The central bank digital currency in Malaysia a literature review Awang Abu Bakar, Normi Sham Yahya, Norzariyah Khairuddin, Irni Eliana Zainal Abidin, Ahmad Firdaus Mohamad Zain, Jasni Idris, Norbik Bashah Engku Ali, Engku Rabiah Adawiah T Technology (General) Central Bank Digital Currency (CBDC) is a digital form of central bank money, and is different from traditional reserves or settlement accounts balances. In line with the digital technology era, CBDC has gained interest among the majority of the countries. Central banks in a number of countries have started experimenting, piloting, launching, and have laid their direction on CBDC. However, the development of CBDC in Malaysia is still behind compared to many other countries in the world. This paper aims to present the current status of CBDC in Malaysia. To achieve the goal, this paper explores literature reviews on CBDC, countries’ milestones on CBDC and Malaysia’s Central Bank stand on CBDC. This review found that Malaysia’s Central Bank has no intention for the immediate plan for CBDC in Malaysia. However, Malaysia’s Central Bank continues assessing the CBDC potential, especially in the digital assets and payments space. This study also found that. Malaysia’s Central Bank participated in a cross-border payments trial under Project Dunbar. Springer 2022-07 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/99235/13/99235_The%20central%20bank%20digital%20currency%20in%20Malaysia.pdf application/pdf en http://irep.iium.edu.my/99235/14/99235_The%20central%20bank%20digital%20currency%20in%20Malaysia_Scopus.pdf Awang Abu Bakar, Normi Sham and Yahya, Norzariyah and Khairuddin, Irni Eliana and Zainal Abidin, Ahmad Firdaus and Mohamad Zain, Jasni and Idris, Norbik Bashah and Engku Ali, Engku Rabiah Adawiah (2022) The central bank digital currency in Malaysia a literature review. In: International Conference on Business and Technology, ICBT 2021, 6-7 November 2021, Istanbul. https://link.springer.com/book/10.1007/978-3-031-08090-6 10.1007/978-3-031-08090-6_18 |
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T Technology (General) Awang Abu Bakar, Normi Sham Yahya, Norzariyah Khairuddin, Irni Eliana Zainal Abidin, Ahmad Firdaus Mohamad Zain, Jasni Idris, Norbik Bashah Engku Ali, Engku Rabiah Adawiah The central bank digital currency in Malaysia a literature review |
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Central Bank Digital Currency (CBDC) is a digital form of central bank money, and is different from traditional reserves or settlement accounts balances. In line with the digital technology era, CBDC has gained interest among the majority
of the countries. Central banks in a number of countries have started experimenting, piloting, launching, and have laid their direction on CBDC. However, the development of CBDC in Malaysia is still behind compared to many other countries in
the world. This paper aims to present the current status of CBDC in Malaysia. To achieve the goal, this paper explores literature reviews on CBDC, countries’ milestones on CBDC and Malaysia’s Central Bank stand on CBDC. This review found
that Malaysia’s Central Bank has no intention for the immediate plan for CBDC in Malaysia. However, Malaysia’s Central Bank continues assessing the CBDC potential, especially in the digital assets and payments space. This study also found that. Malaysia’s Central Bank participated in a cross-border payments trial under Project Dunbar. |
format |
Conference or Workshop Item |
author |
Awang Abu Bakar, Normi Sham Yahya, Norzariyah Khairuddin, Irni Eliana Zainal Abidin, Ahmad Firdaus Mohamad Zain, Jasni Idris, Norbik Bashah Engku Ali, Engku Rabiah Adawiah |
author_facet |
Awang Abu Bakar, Normi Sham Yahya, Norzariyah Khairuddin, Irni Eliana Zainal Abidin, Ahmad Firdaus Mohamad Zain, Jasni Idris, Norbik Bashah Engku Ali, Engku Rabiah Adawiah |
author_sort |
Awang Abu Bakar, Normi Sham |
title |
The central bank digital currency in Malaysia a literature review |
title_short |
The central bank digital currency in Malaysia a literature review |
title_full |
The central bank digital currency in Malaysia a literature review |
title_fullStr |
The central bank digital currency in Malaysia a literature review |
title_full_unstemmed |
The central bank digital currency in Malaysia a literature review |
title_sort |
central bank digital currency in malaysia a literature review |
publisher |
Springer |
publishDate |
2022 |
url |
http://irep.iium.edu.my/99235/13/99235_The%20central%20bank%20digital%20currency%20in%20Malaysia.pdf http://irep.iium.edu.my/99235/14/99235_The%20central%20bank%20digital%20currency%20in%20Malaysia_Scopus.pdf http://irep.iium.edu.my/99235/ https://link.springer.com/book/10.1007/978-3-031-08090-6 |
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