Digital Rupiah: Bank Indonesia Evaluates R3’s Corda and Ethereum-Based Hyperledger Besu for CBDC Infrastructure
Bank Indonesia has released new findings as part of its three-phase plan to develop a central bank digital currency (CBDC) for the digital rupiah. The central bank’s latest work highlights a technical proof of concept (PoC) for wholesale CBDC (wCBDC), evaluating two blockchain technologies: R3’s Corda and the Ethereum-based Hyperledger Besu. While no definitive choice […]
Bank Indonesia Unveils Vision for Digital Rupiah CBDC
Bank Indonesia has unveiled its Indonesian Payment System Blueprint (BSPI) 2030. Among the five key initiatives is the development of its central bank digital currency (CBDC), known as the digital rupiah. Bank Indonesia had previously disclosed a three-stage proof of concept for the CBDC. The initial stage, completed in the first half of 2024, involved […]
Indonesia’s to Begin Digital Rupiah CBDC Blockchain Trial in 2024
Bank Indonesia (BI) is advancing its efforts to launch a trial for its central bank digital currency (CBDC), the digital rupiah, in 2024. BI Governor Perry Warjiyo revealed that the digital rupiah will utilise blockchain technology, aiming to digitise the Indonesian currency. This initiative places Indonesia on the path to join countries like China and […]
Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov
Source: Cointelegraph Bank of Indonesia Governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec. 5 speech at the central bank’s annual meeting, Warjiyo said the bank planned to release details on the conceptual design of a digital rupiah […]
Indonesia Wants to Counter ‘Shadow Central Banking’ With CBDC
Source: Blockworks In Indonesia, the central bank has formally laid out plans for a central bank digital currency (CBDC), pitched to combat what it calls rising “cryptoization” of the country’s digital economy. Bank Indonesia’s new CBDC white paper outlines how “shadow currencies” and “shadow central banking” are furthering unregulated credit creation around the world through crypto. Two […]
BIS and Bank Indonesia shortlist 21 teams for CBDC G20 TechSprint challenge
Original Source: Finextra The Bank for International Settlements (BIS) and Bank Indonesia, under the Indonesian G20 Presidency, today announced the shortlisted finalists for the G20 TechSprint challenge on central bank digital currencies (CBDCs). The 2022 competition was launched in April. The BIS Innovation Hub and Bank Indonesia published three operational challenges and invited a wide […]
BIS and Bank Indonesia invite global innovators to take up CBDC challenges
Unlocking $120 Billion Value In Cross-Border Payments: How banks can leverage central bank digital currencies for corporates
Rise of the central bank digital currencies: drivers, approaches and technologies
Impending arrival – a sequel to the survey on central bank digital currency
