Maldives Plan to Introduce Cryptocurrency as Part of Maldives’ Digital Economy Shift

In an ambitious vision for the future, President Dr. Mohamed Muizzu shared plans to bring cryptocurrency into the Maldivian economy, marking a key step in the country’s journey toward digital transformation. Speaking at the launch of the consultation meeting for the Maldives’ 20-year National Development Plan, President Muizzu highlighted the importance of embracing artificial intelligence (AI) and digital economies to stay aligned with global advancements.

President Muizzu shared that he has instructed Ahmed Munawar, the Governor of the Maldives Monetary Authority (MMA), to assess the feasibility of introducing cryptocurrency and digital currency under a regulated framework. This move aims to build a sustainable digital economy, fostering economic resilience and technological growth within the Maldives.

The President set a bold target, aspiring for 15% of the Maldives’ GDP to come from digital sectors by 2030. He emphasized that adapting to technological trends in AI and digital finance is essential for the nation’s progress.

In balancing innovation with cultural values, President Muizzu encouraged Maldivians to uphold their Islamic heritage and ancestral traditions. He called on citizens to unite in shaping a prosperous future, merging tradition with modern digital advancements for the benefit of future generations.