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 their customers.
Latest Bank Indonesia News
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 using a permissioned ledger over a centralized system.
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 deployment could improve economic and financial transactions.
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 a priority, as stated in the white paper.
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 the national ban on digital currency payments is being upheld in practice.
Indonesia outlaws cryptocurrency for fintech payment companies
Indonesia’s central bank has become the latest monetary authority to clamp down on cryptocurrencies.