Cryptocurrency are on the agenda of many countries. Governments have started to work on cryptocurrencies and bring various regulations. This time Central Bank of Indonesiaannounced that he is researching cryptocurrencies.
Indonesia Working for CBDC
Indonesia Central Bank Governor Doni Primanto Joewono announced that the country is exploring the possibility of integrating cryptocurrencies into its financial system. Joewono is a central bank for the Central Bank of Indonesia to meet different needs. digital currency(CBDC) stated that it is investigating the possibility of removal.
According to Joewon, the emergence of cryptocurrencies CBDC This led him to investigate the applicability of Additionally, Joewon warned that cryptocurrencies could pose risks to existing financial systems.
Joewono made the following statements in his speech on the subject:
The Central Bank of Indonesia continues to examine the possible effects of CBDC, including on crypto assets. Cryptocurrencies could potentially help introduce new risks that could affect economic, monetary and financial system stability.
Indonesiais among the countries exploring the CBDC option, with a whitepaper expected to be published soon.
Speaking at the G20 summit Indonesia Central Bank Governor Doni Primanto JoewonoHe added that cryptocurrencies have features that can be beneficial to the current financial system, such as increasing efficiency and participation, and stated that studies are being carried out on this subject.
