Hong Kong and Malaysia Central Banks Deepen Ties, Including Cross-Border Stablecoin Use
The Hong Kong Monetary Authority and Bank Negara Malaysia are expanding bilateral cooperation to cover cross-border stablecoin usage, aiming to deepen fintech and payment infrastructure links.
Hong Kong and Malaysia Central Banks Deepen Ties, Including Cross-Border Stablecoin Use
The Hong Kong Monetary Authority (HKMA) and Bank Negara Malaysia have announced they will strengthen bilateral cooperation, with the scope including the use of stablecoins for cross-border payments. According to The Standard, the collaboration is aimed at deepening connectivity between the two jurisdictions' fintech and payment infrastructures.
Cross-border stablecoin settlement has become a topic of growing interest among central banks in multiple jurisdictions in recent years, with the core goals being to reduce cross-border payment costs and settlement times while ensuring compliance with anti-money laundering and regulatory requirements. The HKMA has previously launched a public consultation on a stablecoin regulatory regime and is advancing digital currency projects such as the e-HKD.
Neither side has disclosed a specific implementation timetable or pilot details for the cooperation.
Source: https://news.google.com/rss/articles/CBMi3gFBVV95cUxPa25wODhBNzluOHZpRWljOTVLYkRPempFSVE5a0xqSjFpWHlPcnFNaEhSN0VsX1oxUldZSkEtaXkzbXZEZmlBQ1ZiSGlGVmV0enFDYW95djhxTk1TTGlGZEtmMHdmWTRrbk1KeWE4NTNnTVEwdDg0bHByLUZTX0ozS3g5WTRLOWM2OTVMRDZWRTFyLTNPLXZSemk1UWlaaDZ3MHgtNHhVWGpadUVCczRzYVZCenB0ZExrbUZmc2JDYVBWVTl6TVgtZzZFV2kxcm9iY2p3VnhtN2x0TURzWGc?oc=5
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-10-07
- Last updated
- 2026-10-07
- Content type
- Newsflash
- Source material
- View original ↗
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