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Indonesia keen on CBDC, sees it as ‘tool’ to ‘fight’ crypto
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Earlier in May, Indonesia’s central bank had announced plans to launch a digital currency. Now, the central bank is pushing for a digital form of the rupiah to ‘fight’ private cryptocurrencies, reported Bloomberg.
Juda Agung, assistant governor at the central bank, noted in the Indonesian Parliament,
“A CBDC would be one of the tools to fight crypto.”
He also added that the assumption is that people would find CBDCs more credible than crypto, stating,
“CBDC would be part of an effort to address the use of crypto in financial transactions.”
The senior bank official also reiterated that crypto assets come under the trade ministry even when it has a significant impact on the country’s financial system. We can recall that the Indonesia Central Bank
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