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Indonesia

Bank of Indonesia grants joint digital currency license for fund transfers, remittances
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5 March, 2023

Bank of Indonesia grants joint digital currency license for fund transfers, remittances

The license acquired by Alchemy Pay and Berkah Digital is a Payment Service Provider - License Category 3, which allows...
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 national digital asset exchange rollout expected in June 2023
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8 February, 2023

Indonesia national digital asset exchange rollout expected in June 2023

Indonesia had previously earmarked December 2022 as the launch date of the national exchange, but several undisclosed reasons forced regulators...
Indonesia’s new law could see virtual currencies classified as securities
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30 January, 2023

Indonesia’s new law could see virtual currencies classified as securities

The new regulation signed into law on January 12 indicates that digital assets could be treated as securities, which meant...
Indonesia to launch national digital currency exchange amid incoming regulatory changes
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7 January, 2023

Indonesia to launch national digital currency exchange amid incoming regulatory changes

The biggest change is removing control of virtual currencies from the Commodity Futures Trading Regulatory Agency of Indonesia and vesting...
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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