The Central Bank of Indonesia speeds up the process of issuing...

Indonesia’s central bank governor, Piri Wargio, told a parliamentary hearing Thursday that the bank will speed up the process of issuing the digital Indonesian rupiah, without providing a time frame for that, German news agency DPA reported.

Bloomberg news agency reported today that Bank Indonesia plans to present the design of the idea next year, and is coordinating with seven central banks to choose a suitable platform for this, either through blockchain, distributed balancing technology, or stable currencies.

Bank Indonesia is integrating the financing infrastructure with the money market, to support the digital currency plan.

The central bank prohibits financial institutions with Bank Indonesia permits from accepting cryptocurrencies as a method of payment, and has deployed supervisors to monitor their activities.

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