The Indonesia's regulator believes CBDC will help fight crypto assets
According to the central bank, the digital rupee will be “a credible alternative to cryptocurrencies”

01.12.2021 - 09:20
439
1 min
0
According to the central bank, the digital rupee will be “a credible alternative to cryptocurrencies.”
What’s new? The representatives of the central bank of Indonesia believe that cryptocurrencies pose a threat to the country's financial system. Only the launch of the digital rupee will offset the risks, Bloomberg reports.
News source on the Bloomberg website
What statements have been made? During a speech in Parliament, the Deputy Governor of the central bank, Juda Agung, said that crypto assets have a significant impact on Indonesia's financial system. According to the regulator, only the digital rupee will solve this problem and provide “a credible alternative to cryptocurrencies.”
This is not Indonesia's first attempt to fight a new asset class. As previously stated, the National Ulema Council of Indonesia banned Muslims from using bitcoin and other cryptocurrencies throughout the country.
Useful material?
Incidents
The initiative aims to combat the fentanyl addiction epidemic
May 23, 2025
Market
Previously, the Chicago Mercantile Exchange launched a similar instrument
May 22, 2025
Technologies
The proposed improvement would allow nodes to not store the entire history of the underlying blockchain
May 19, 2025
Market
The criminal funds were moving on the Ethereum and TRON networks
May 16, 2025
Crypto regulations
The official also noted that mining companies can play a key role in modernizing the country’s energy infrastructure
May 14, 2025
Market
The exchange’s daily volume surpasses the $3 billion mark
May 12, 2025