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digital rupiah

Indonesia CBDC trial enters second phase
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12 August, 2024

Indonesia CBDC trial enters second phase

The Bank of Indonesia conducted the first phase of its wholesale CBDC trial in the first half of 2024, focused...
Bank Indonesia advances wholesale CBDC trials following public consultation
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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’s central bank eye CBDC trial for 2024
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5 January, 2024

Indonesia’s central bank eye CBDC trial for 2024

Bank Indonesia's plans for its central bank digital currency, the digital rupiah, will focus on wholesale interbank settlement using blockchain...
Indonesia’s central bank unveils wholesale CBDC consultation process
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13 February, 2023

Indonesia’s central bank unveils wholesale CBDC consultation process

Project Garuda's second phase will explore CBDC usage in the tokenization and settlement of securities transactions.
Indonesia central bank eyes digital rupiah as nation’s ‘only legal digital tender’
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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
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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...
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