Tag "Bank Indonesia"

BIS and Bank Indonesia Launch the Third G20 TechSprint Focused on CBDCs

The Bank for International Settlements (BIS) Innovation Hub and Bank Indonesia has launched the third G20 TechSprint Initiative, focused on developing new solutions for central bank digital currencies (CBDCs). The initiative will be one of the side events of Indonesia’s G20

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Bank Indonesia Launches Its First Real-Time Payments Infrastructure With ACI Worldwide

Bank Indonesia (BI), the country’s central bank, has launched its first real-time payments infrastructure BI-FAST that is driven by ACI Worldwide, a global provider of real-time payments and digital payment solutions. BI-FAST is an integral part of Indonesia’s ongoing digital

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Bank Indonesia and MAS Deepen Ties to Promote Payments Innovation

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) to strengthen bilateral cooperation and deepen ties. The MOU reflects Indonesia and Singapore’s joint interest to promote collaboration on projects in relation to

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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework

When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these

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How is Indonesia Implementing Blockchain Technology?

The Indonesian Central Bank repeatedly warns citizens about cryptocurrencies and cautions to understand the risks, but the country’s regulations are currently fairly open towards digital currencies and blockchain technology. An actual ban only exists for cryptocurrencies in payments, but exchange

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