Central financial institution plans to make CBDC ‘solely authorized digital tender’ in Indonesia, says gov
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I have mixed feelings about CBDCs
the people of Indonesia need to boycott this trash
China is trying that. And yet BTC still thrives there.
Of course ***Central bank*** is scared of crypto
Well that kinda sucks
Of course they do. Gonna happen all over the world too
tldr; The Bank of Indonesia is planning to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions,” the country’s governor Perry Warjiyo said. The CBDC initiative, called Project Garuda, will start with the launch of a wholesale digital rupiah for “use cases of issuance, redemption, and interbank fund transfer,” he added.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Lets hope they dont.
Worth noting that they already had a ban on crypto payments since 2017, but crypto trading is legal, so they are introducing the cbdc and making it legal tender.
I’m not for cbdc’s but this title feels a little fear monger-y and makes it sound like they are introducing a cbdc and banning all crypto.
No wonder Central Banks have been spreading fud about bitcoin so they could force people to use their shitcoin CBDC instead
India has also launched their shitty CBDC, I don’t know what these governments are expecting but they’re going to be sad soon
I’m surprised!!! And this from one of the most conservative countries on earth?!
The same government now about to make it illegal for non-married couples to sleep in the same house. And where it’s illegal to not have a religion. And where their non-Muslim Chinese population is constantly targeted.
Crypto is the least of their worries.
I am sorry but we have enough shitcoins already.
I heard CBD is great for chronic pain
Of course. They don’t want their people to prosper
Boooooooo
Satoshi would be rolling in his grave.
ugh…..another one bites the dust
Just stop already
That looks like dictatorship to me