Malaysia Investigates Bitcoin & XRP for Future Currency Use

The Bank Negara Malaysia (BNM), the central bank of Malaysia, has released a working paper exploring the potential use of cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) as future monetary alternatives. The paper analyzes scenarios where these digital assets could potentially replace traditional currency in circulation or serve as replacements for bank deposits outside traditional banking systems, signaling a growing interest in blockchain technology’s impact on finance. ]