Malaysia Aims for 30% Digital Economy by 2030, Boosts Collaboration
Malaysia is boosting efforts to expand its digital economy, aiming for a 30% share of GDP by 2030. Digital Minister Gobind Singh Deo underscores the need to grow the digital ecosystem, with collaboration between regulators and industry key to success.
The country's regulatory frameworks for digital assets are already in place, overseen by the Securities Commission and Bank Negara Malaysia, with the Digital Ministry coordinating policies. Strengthening infrastructure is crucial to drive digital transformation and build confidence in digital assets, including stablecoins and blockchain applications.
Effective governance structures require constructive engagement between industry players and regulators. Key stakeholders, such as policymakers, regulatory authorities, industry leaders, and technology companies, collaborate to address regulatory frameworks and digital ecosystem readiness. Events like the Digital Nation Summit in Kuala Lumpur bring these stakeholders together to align policy, innovation, and investment priorities.
Malaysia's digital economy push relies on growing the digital ecosystem, with collaboration between regulators and industry crucial. Strengthening infrastructure and effective governance structures are vital for success, with key stakeholders working together to achieve the 2030 goal.
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