Malaysia Seeks Unified Framework for Web3 Ecosystem Amid National Blockchain Policy Push

The Malaysian government has established itself as an attractive operating base for Web3 companies, offering lower costs, multilingual talent, and regional access.

However, a unified framework is still missing to bring different pieces of the Web3 ecosystem together, says Access Blockchain Malaysia president Harpreet Singh Maan.

The upcoming National Blockchain Policy is expected to provide enhanced clarity for Malaysia's blockchain and Web3 ecosystem.

The policy includes six thrusts: governance; infrastructure and ecosystem; workforce and talent; funding; research and development; and the life cycle of a Web3 builder.