Indonesian central bank published a whitepaper for digital rupiah

FlavienDecember 1, 2022

Less than a minute

Indonesian central bank published a whitepaper for digital rupiah

Bank Indonesia, the island country’s central bank, published a whitepaper outlining plans to develop and launch a digital rupiah, under the name Project Garuda (referring to a bird-like creature from Hindu mythology).
According to statistics from 2021, about 4.5% of the Indonesian population held cryptocurrencies.
Indonesia joins the growing list of countries working on CBDCs, showing a belief in the technology. Japan announced just a few days ago that they would be developing a digital Yen.

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FlavienDecember 1, 2022

Less than a minute

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.