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Techub News reports that the Central Bank of Malaysia (BNM) Digital Asset Innovation Center has officially launched three regulatory sandbox pilot programs to research and develop stablecoins and tokenized bank deposits. The pilots focus on using Malaysian Ringgit (MYR) stablecoins for cross-border settlements, as well as developing tokenized real-world assets (RWA) and tokenized bank deposits. BNM stated that all sandbox research results will provide important references for the future development of wholesale Central Bank Digital Currencies (wCBDC), which are on-chain legal tender issued and managed directly by the central bank.