In a recent address, President Dr. Mohamed Muizzu announced his intentions to incorporate cryptocurrency into the Maldives' economy as part of a broader push towards a digital economy. 

Speaking at the inauguration of the consultation meeting for the Maldives’ 20-year National Development Plan, President Dr. Muizzu underscored the importance of artificial intelligence (AI) and digital economies in global progress, emphasizing the need for the Maldives to embrace these advancements.

The President shared that he had directed Ahmed Munawar, the Governor of the Maldives Monetary Authority (MMA), to explore the potential for introducing cryptocurrency and digital currency in a regulated framework.

As part of his vision for economic growth, President Dr. Muizzu set an ambitious target for the Maldives, aiming to have 15% of the nation’s GDP sourced from digital sectors by 2030. 

He stressed that the Maldives’ development relies on adapting to the global technological landscape, noting that AI and digital transformations are vital components of this trajectory.

Amidst these modernizing efforts, President Dr. Muizzu urged the nation to remain rooted in its Islamic values and the heritage passed down by ancestors. 

He called upon Maldivians to work collaboratively in shaping a prosperous future, embracing both tradition and innovation for the generations to come.