Malaysia's Prime Minister Meets Binance Founder Changpeng Zhao to Discuss Web3 1oh1a Blockchain Strategy

Malaysia's Prime Minister Anwar Ibrahim said it is clear that government leadership is necessary to drive blockchain adoption. 3e6k1c

Written by David Delima | Updated: 23 April 2025 17:20 IST

Malaysia's Prime Minister Meets Binance Founder Changpeng Zhao to Discuss Web3, Blockchain Strategy

Photo Credit: Unsplash/ mkjr_ 3n436g

PM Ibrahim first met with Zhao in Abu Dhabi earlier in April

Highlights

Malaysia wishes to establish itself as a Web3 hub
The country aims to explore tokenisation of financial instruments
PM Ibrahim also met with UAE officials earlier this year

ment

Malaysian Prime Minister Anwar Ibrahim met Binance Co-Founder Changpeng Zhao on April 22. The aim of the meeting was to discuss Malaysia's approach to engage with Web3 technologies like blockchain and digital assets. PM Ibrahim posted details about the meeting on X (formerly Twitter), claiming that he wishes to transform the Asian nation into a major Web3 hub. In the future, the country plans to continue engaging in similar conversation with international regulatory and financial bodies to chalk out a roap for Web3 adoption.

The Prime Minister called his meeting with Zhao “productive”. Zhao also posted on X that the meeting with the Malaysian leadership led to “great discussions”, without divulging elaborate details.

In his tweet, the Malaysian PM wrote, “it's clear that government leadership is essential in driving blockchain adoption—such as through digitisation and exploring tokenisation of financial instruments and other use cases.”

Circle Plans Payment Network to Process Transactions via Stablecoins

He plans to take steps to help Malaysia position itself at the forefront of global digital transformation. For this, he plans to continue dialogue with Malaysia's Securities Commission and the Bank Negara Malaysia. Officials from Malaysia's “Ministry of Digital” will also participate in these Web3-related discussions. Established in 2023, the Ministry of Digital in Malaysia is responsible for overseeing the national digitisation plans and agenda.

Thank you for the productive discussion. :pray:
— CZ :large_orange_diamond: BNB (@cz_binance) April 22, 2025

The Web3 sector, comprises sub-sectors like NFTs, and it is still largely unregulated on a global level. The UAE and the European Union (EU) are among the first regions to have deployed comprehensive Web3 regulations – to allow the sector to grow while protecting the interests of its industries and investors.

Malaysia has been tapping into the expertise of Web3-familiar lawmakers and industry insiders. In January this year, for instance, PM Ibrahim met with UAE officials to discuss the formulation of a ive policy framework for cryptocurrencies. At the time, the Malaysian PM had met with Zhao – marking their first meeting.

Stablecoin Sector May Reach $2 Trillion: Standard Chartered

Zhao co-founded Binance in 2017. Earlier this month, he was also appointed as a strategic advisor to Pakistan's recently formed Crypto Council.

He stepped down as the CEO of pleaded guilty to the charges and was sentenced to four months in prison.

Despite his history at the helm of Binance, Zhao remains the majority shareholder of what's touted as the world's largest crypto exchange.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Anwar Ibrahim

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More