Wu Blockchain learned that the Hong Kong Monetary Authority (HKMA) and Bank Negara Malaysia (BNM) announced plans to strengthen bilateral financial cooperation and establish a policy-level joint working group to promote compliant cross-border stablecoin applications between Hong Kong and Malaysia. The two sides will also step up policy and regulatory exchanges on tokenization and digital currencies. They also plan to enhance connectivity between Hong Kong’s and Malaysia’s real-time gross settlement (RTGS) systems and explore interoperability between Hong Kong’s Central Moneymarkets Unit (CMU) and Malaysia’s RENTAS central securities depository system.