Bank Indonesia Archives

Bank Indonesia

19 March, 2024

Indonesia issues new digital currency rules guiding financial industry

Indonesia's Financial Services Authority regulatory guidance intends to serve as a compass for financial institutions exploring virtual asset services for...

Bank Indonesia advances wholesale CBDC trials following public consultation

Business

Wahid Pessarlay

13 January, 2024

Bank Indonesia advances wholesale CBDC trials following public consultation

Bank Indonesia's consultation report on its wholesale CBDC initiative, Project Garuda, shows that most of the 42 participating entities favor...

Indonesia central bank eyes digital rupiah as nation’s ‘only legal digital tender’

Business

Wahid Pessarlay

9 December, 2022

Indonesia central bank eyes digital rupiah as nation’s ‘only legal digital tender’

Bank Indonesia is firm with its plan to explore and develop a CBDC, with Governor Perry Warjiyo saying their future...

Bank Indonesia publishes white paper with keen focus on wholesale CBDC

Business

Wahid Pessarlay

7 December, 2022

Bank Indonesia publishes white paper with keen focus on wholesale CBDC

Bank Indonesia will launch its digital rupiah under Project Garuda, which will be trialed in three phases, with wholesale CBDC...

Indonesia central bank sends field supervisors to enforce digital currency payments ban

Business

Ed Drake

22 June, 2021

Indonesia central bank sends field supervisors to enforce digital currency payments ban

The central bank of Indonesia has ordered supervisors to monitor banks in the country, in a bid to make sure...

Indonesia outlaws cryptocurrency for fintech payment companies

Ed Drake

7 December, 2017

Indonesia outlaws cryptocurrency for fintech payment companies

Indonesia’s central bank has become the latest monetary authority to clamp down on cryptocurrencies, following a decision to outlaw the

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Patrick Thompson

22 Feb 2025

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