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 have...
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| Format: | Conference or Workshop Item |
| Language: | English English |
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Springer Science and Business Media Deutschland GmbH
2023
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| Online Access: | http://umpir.ump.edu.my/id/eprint/37559/ http://umpir.ump.edu.my/id/eprint/37559/1/The%20central%20bank%20digital%20currency%20in%20malaysia_A%20literature%20review.pdf http://umpir.ump.edu.my/id/eprint/37559/2/The%20central%20bank%20digital%20currency%20in%20malaysia_ABS.pdf |
| _version_ | 1848825283174465536 |
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| author | Normi Sham, Awang Abu Bakar Norzariyah, Yahya Irni Eliana, Khairuddin Ahmad Firdaus, Zainal Abidin Jasni, Mohamad Zain Norbik Bashah, Idris |
| author_facet | Normi Sham, Awang Abu Bakar Norzariyah, Yahya Irni Eliana, Khairuddin Ahmad Firdaus, Zainal Abidin Jasni, Mohamad Zain Norbik Bashah, Idris |
| author_sort | Normi Sham, Awang Abu Bakar |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T03:26:28Z |
| format | Conference or Workshop Item |
| id | ump-37559 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T03:26:28Z |
| publishDate | 2023 |
| publisher | Springer Science and Business Media Deutschland GmbH |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-375592023-08-28T07:41:17Z http://umpir.ump.edu.my/id/eprint/37559/ The central bank digital currency in malaysia : A literature review Normi Sham, Awang Abu Bakar Norzariyah, Yahya Irni Eliana, Khairuddin Ahmad Firdaus, Zainal Abidin Jasni, Mohamad Zain Norbik Bashah, Idris QA75 Electronic computers. Computer science QA76 Computer software T Technology (General) TA Engineering (General). Civil engineering (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 Science and Business Media Deutschland GmbH 2023 Conference or Workshop Item PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/37559/1/The%20central%20bank%20digital%20currency%20in%20malaysia_A%20literature%20review.pdf pdf en http://umpir.ump.edu.my/id/eprint/37559/2/The%20central%20bank%20digital%20currency%20in%20malaysia_ABS.pdf 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 (Published) https://doi.org/10.1007/978-3-031-08090-6_18 |
| spellingShingle | QA75 Electronic computers. Computer science QA76 Computer software T Technology (General) TA Engineering (General). Civil engineering (General) Normi Sham, Awang Abu Bakar Norzariyah, Yahya Irni Eliana, Khairuddin Ahmad Firdaus, Zainal Abidin Jasni, Mohamad Zain Norbik Bashah, Idris The central bank digital currency in malaysia : A literature review |
| title | 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_short | The central bank digital currency in malaysia : A literature review |
| title_sort | central bank digital currency in malaysia : a literature review |
| topic | QA75 Electronic computers. Computer science QA76 Computer software T Technology (General) TA Engineering (General). Civil engineering (General) |
| url | http://umpir.ump.edu.my/id/eprint/37559/ http://umpir.ump.edu.my/id/eprint/37559/ http://umpir.ump.edu.my/id/eprint/37559/1/The%20central%20bank%20digital%20currency%20in%20malaysia_A%20literature%20review.pdf http://umpir.ump.edu.my/id/eprint/37559/2/The%20central%20bank%20digital%20currency%20in%20malaysia_ABS.pdf |