Capital A, the parent company of AirAsia, and Standard Chartered Malaysia signed a letter of intent to develop a ringgit-backed stablecoin. The project will be piloted under Bank Negara Malaysia’s oversight, with Standard Chartered as issuer and Capital A testing wholesale use cases.

Malaysia lost over RM4.57 billion (US$1.1 billion) between 2020 and 2025 due to illegal electricity use by crypto miners. Authorities have identified nearly 14,000 premises involved and are cracking down using smart meters, enforcement, and public awareness campaigns.

Fasset has received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA), marking the creation of the world’s first Islamic fintech sandbox designed to test and scale stablecoin-powered, Shariah-compliant digital banking services.

Malaysian authorities have summoned TikTok’s top management over slow responses to false information and complaints about TikTok Shop orders. The meeting will also address harmful content, signalling that social media platforms must cooperate quickly with local law enforcement.

Malaysia’s YTL Group and Singapore’s Sea Limited have launched Ryt Bank, described as the world’s first AI-powered digital bank. It offers daily savings interest, PayLater credit, and cashback rewards, with deposits insured under Malaysia’s banking rules.

Malaysia’s Securities Commission has proposed allowing certain digital assets to be listed directly by exchanges without prior approval, aiming to speed up token launches while making exchanges more responsible. The regulator also plans stricter rules on exchange operations and client asset protection to address risks as crypto trading grows rapidly in the country.

Malaysia’s Securities Commission (SC) is seeking public input on a proposal to streamline the listing process for digital assets on cryptocurrency exchanges, potentially allowing certain tokens to be listed without prior regulatory approval.

A high-profile investigation into the alleged embezzlement of sukuk funds has taken a digital turn, as the Malaysian Anti-Corruption Commission (MACC) revealed that approximately RM11 million was converted into digital currency for personal use.

The Malaysian High Courts have dropped the charges against the disgraced former Malaysian Prime Minister Najib Razak, citing the lack of evidence to be able to proceed with the case for the time being.

Malaysia’s central bank has launched a Digital Asset Innovation Hub to support safe financial experimentation with digital currencies, including a ringgit-backed stablecoin. This move is part of broader reforms aimed at boosting innovation while ensuring economic stability and consumer protection.