Although the Southeast Asian government is generally not very active in promoting cryptocurrency and blockchain technology for risk and security issues, the new currency (XEM) may be an exception. Recently, the Deputy Minister of the Ministry of Primary Industries of Malaysia, Datuk Seri Shamsul Iskandar Md. Akin, visited the new currency blockchain centre, which seems to be a positive sign of the government’s support for the new currency.
During this visit, the new currency explained to Datuk Seri Shamsul Iskandar Md. Akin to how the blockchain technology works and how the new currency can change the world through its blockchain technology. On the other hand, the support of the Malaysian government may also bring huge impetus to the future development of the new currency. For this visit, the new currency is issued on its official Twitter account:
“Datuk Seri Shamsul Iskandar Md. Akin, Deputy Minister of the Malaysian Ministry of Primary Industries, recently visited the New Currency Blockchain Center and we have the opportunity to brief him on the blockchain technology and the actual use cases of the new currency.”
For governments, they want to build an asset management platform using blockchain technology cores to effectively manage specific national assets (usually larger). In the next few years, blockchain technology will bring about disruptive and innovative asset management solutions.
If the government starts to support this technology, then it will undoubtedly see this new technology play a huge potential to change the world. In fact, blockchain technology can play a role in many industries, such as managing voting processes, improving marketing, property registration, and other areas of everyday life.
Not surprisingly, in the next few years, we will see more governments and companies trying to deploy blockchains, and the world will change dramatically.
If you want the digital and multi-centred revolution to succeed, the blockchain will play a vital role in this process – we will witness a faster operation through fast, secure, and third-party-free transactions. The world will also save people a lot of time. On the other hand, if the Malaysian government supports the New Economy (XEM), it will undoubtedly bring huge development impetus to it.
As one of the world’s leading economies, Malaysia is likely to help the new currency to expand its network size and leverage its strong economic strength to support the new currency. Datuk Seri Shamsul Iskandar Md. Akin, Deputy Minister of Malaysian Ministry of Industry and Industry, is a good opportunity to promote the penetration of new coins in Southeast Asia.
At present, the new currency has begun to try to expand its network to more countries. At the time of this writing, the new currency transaction price was $0.097, ranking 17th in the cryptocurrency market. If the Malaysian government fully supports the new currency blockchain, its development prospects may reach a higher level in the future.
