The government has agreed on setting up a Digital Asset and AI Advisory Council, with the aim of positioning Malaysia at the forefront of the digital economy world. During yesterday’s PMO briefing, the Prime Minister’s senior press secretary Tunku Nashrul Abaidah said that the council will be made up of experts from inside and outside of the country.
He went on to note that digital technology assets and AI will be the main driving force for global economic growth and the country’s competitiveness. The advisory council will comprise industry experts, academics, as well as policymakers to ensure the approaches align with global best practices while also being relevant to the Malaysian context.
Prime Minister Datuk Seri Anwar Ibrahim acted as chairman for the first meeting of the Digital Asset and AI Advisory Council, which discussed Malaysia’s potential as a main hub for blockchain technology and digital assets, including in strategic sectors such as cross-border trading, halal industries, and Islamic finance. The Prime Minister also explained that the main focus of the council will be the use of technologies like tokenisation, stable coin, cryptocurrency assets, AI, big data analytics, and cloud computing.
Meanwhile, the Asean Summit is set to take place from 26 to 27 May at KLCC, and the Prime Minister has emphasised the need for thorough preparations in terms of logistics, security protocols, and traffic. The Education Ministry has announced online learning for schools in the regions involved, while civil servants and private sector employees have been encouraged to work from home to avoid putting pressure on public infrastructure during the summit.
