Wu Blockchain has learned that the Hong Kong Monetary Authority (HKMA) and Bank Negara Malaysia (BNM) have announced plans to strengthen bilateral financial cooperation. They will establish a joint working group at the policy level to promote compliant cross-border stablecoin applications between Hong Kong and Malaysia. The two sides will also enhance policy and regulatory exchanges in the areas of tokenization and digital currencies. Additionally, they plan to strengthen the connection between Hong Kong and Malaysia's RTGS real-time gross settlement systems and explore interoperability between Hong Kong's Central Moneymarkets Unit (CMU) and Malaysia's RENTAS central securities depository system. https://www.(wublock123.com)/news/hong-kong-monetary-authority-strengthens-cooperation-with-bank-of-malaysia-to-promote-cross-border-stablecoins-and-tokenization-applications-69632