The central bank digital currency in malaysia : A literature review

Normi Sham, Awang Abu Bakar and Norzariyah, Yahya and Irni Eliana, Khairuddin and Ahmad Firdaus, Zainal Abidin and Jasni, Mohamad Zain and Norbik Bashah, Idris (2023) The central bank digital currency in malaysia : A literature review. In: Lecture Notes in Networks and Systems; International Conference on Business and Technology, ICBT 2021 , 6-7 November 2021 , Istanbul. pp. 307-317., 488. ISSN 2367-3370 ISBN 978-303108089-0

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Abstract

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.

Item Type:	Conference or Workshop Item (Lecture)
Additional Information:	Indexed by Scopus
Uncontrolled Keywords:	Central bank; Central bank digital currency (CBDC); Malaysia
Subjects:	Q Science > QA Mathematics > QA75 Electronic computers. Computer science Q Science > QA Mathematics > QA76 Computer software T Technology > T Technology (General) T Technology > TA Engineering (General). Civil engineering (General)
Faculty/Division:	Institute of Postgraduate Studies Faculty of Computing
Depositing User:	Mr Muhamad Firdaus Janih@Jaini
Date Deposited:	28 Aug 2023 07:41
Last Modified:	28 Aug 2023 07:41
URI:	http://umpir.ump.edu.my/id/eprint/37559
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