Indonesia prepares to issue wholesale currency for digital payments.
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders.Indonesia’s monetary authority is advancing with a project to issue a digital version of the national fiat for wholesale transactions.
Bank Indonesia has been studying the possible launch of its central bank digital currency since last year. Its main intention is to get ahead of the global adoption of cryptocurrency as a payment method, the report notes.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Central African States Urged to Introduce Common Digital Currency: ReportThe Bank of Central African States has been urged by its board to modernize payment structures by introducing a common digital currency across the six countries it serves. Reporting by oknightcrypto.
Read more »
CLE to hire digital inclusion manager to bridge city digital dividePastor Edward McGhee, leader of the True Vine Community Baptist Church in Cleveland's Glenville neighborhood, knows first hand what it's like to be a victim of the cities digital divide
Read more »
Coinbase Confirms 'No Financing Exposure' to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin NewsCoinbase says it “had no financing exposure” to bankrupt crypto firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). cryptocurrency bitcoin
Read more »
Goldman-Backed Digital Bank Starling Reports Its First Annual Profit as Other Fintechs StumbleBritish digital bank Starling reported its debut annual profit Thursday as revenues at the firm almost doubled.
Read more »
Reserve Bank of India Is Working on 'Phased Implementation' of Central Bank Digital Currency – Regulation Bitcoin NewsThe Reserve Bank of India (RBI) is working on a 'phased implementation of a central bank digital currency (CBDC).' crypto cryptocurrency
Read more »
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph MagazineBefore Bitcoin, there was David Chaum. Risking life in jail, he laid the foundation that would inspire the creation of the world’s first cryptocurrency. (Via CointelegraphZN)
Read more »