Currently, Indonesia does not yet allow the use of cryptocurrencies as a form of payment, however, it does allow the transaction of digital assets for investments. Now, looking at the future of the global economy, the president of the country's entity says that there must be an agreement between central banks and supervision of electronic security and capital flow
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Digital currency will be made available to wholesalers first
Based on steps, the central bank Indonesian to launch digital rupiah first for wholesale use. To develop business models in the money market. Later use for retail and daily use will be authorized.
At the publicity event, Warjiyo defended the use of the digital rupee and tried to deconstruct the traditional idea of money: “The difference with this one is that it is in the form of paper money. In the digital rupiah there is also the Republic of Indonesia. Note features are also available in digital rupees. The difference is that in this new rupee everything is encrypted.”
Looking at the metaverse, he also commented on the usefulness of the currency in the digital environment: “The digital rupee can be used to buy houses, cars. It is also possible to buy items in the metaverse, that is the difference.”
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