Hong Kong Monetary Authority and Bank Negara Malaysia Strengthen Cooperation on Financial Infrastructure and Stablecoins
香港金融管理局与马来西亚中央银行加强双边合作
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Hong Kong Monetary Authority and Bank Negara Malaysia agreed to strengthen bilateral cooperation in areas including fintech, digital assets, cross-border regulation, the use of local currencies in the region and financial market connectivity. The two sides will establish a joint policy working group to promote compliant cross-border stablecoin use cases and enhance connectivity between Hong Kong and Malaysia’s real-time gross settlement (RTGS) systems. The two sides will also explore establishing a link between Hong Kong’s Central Moneymarkets Unit (CMU) and Malaysia’s RENTAS.
The meeting placed cross-border stablecoin use cases, connectivity between real-time gross settlement systems and capital market infrastructure links within the same cooperation framework, presenting specific directions for advancing financial connectivity between the two places.
Source:HKMA — Press releases (简体中文) · hkma.gov.hk