Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov

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

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 […]