{"id":43168,"date":"2021-05-25T17:50:57","date_gmt":"2021-05-25T14:50:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43168"},"modified":"2025-08-31T02:27:14","modified_gmt":"2025-08-30T23:27:14","slug":"indonesia-to-issue-a-national-digital-currency-cbdc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/indonesia-to-issue-a-national-digital-currency-cbdc\/","title":{"rendered":"Indonesia to issue a national digital currency (CBDC)"},"content":{"rendered":"<p>The Bank of Indonesia plans to issue a national digital currency (CBDC) to speed up transactions, <a href=\\\"https:\/\/www.reuters.com\/article\/indonesia-cenbank-cryptocurrency\/bank-indonesia-joins-global-c-bank-push-for-digital-currencies-idUSL2N2NC0NX?rpc=401&#038;\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">Reuters<\/a> reports.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>According to regulator chief Perry Warjiyo, the digital rupiah will gain status as legal tender. Launch timelines were not specified.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>At present, the central bank is evaluating the technology underpinning the CBDC, as well as the readiness of the financial infrastructure.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>According to the publication, the catalyst for the decision was the rise in popularity of cashless payments amid the COVID-19 pandemic.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>According to the central bank, in April the number of cashless transactions rose 60% year on year to 570 million, and their value grew 46% to 3.1 trillion rupiah (~$217.5 billion).<\/p>\n<p>\\n\\n\\n<\/p>\n<p>The use of cryptocurrencies as a payment method is prohibited in Indonesia, while trading them does not contravene the laws.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Earlier, Indonesian authorities <a href=\"https:\/\/u1f987.com\/en\/news\/indonesia-to-discuss-introducing-tax-on-cryptocurrency-profits\">announced<\/a> the introduction of a profits tax on cryptocurrency transactions.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>The Bank of Indonesia first announced plans to issue a digital rupiah back in 2018.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank Indonesia plans to issue a national digital currency (CBDC) to speed up transactions, Reuters reports.<\/p>\n","protected":false},"author":1,"featured_media":43169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1530],"class_list":["post-43168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-indonesia"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43168"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43168\/revisions"}],"predecessor-version":[{"id":43170,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43168\/revisions\/43170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43169"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}