Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country.Juda Agung, an assistant governor of Bank Indonesia, said in parliament that a digital rupiah would address the effect crypto trading has on the financial system, Bloomberg reported Tuesday.“A CBDC would be one of the tools to fight crypto,” … [Read more...] about Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC
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Indonesia’s Religious Leaders Declare Crypto Illegal for Muslims: Report
Muslims are forbidden from using crypto, Indonesia’s council of religious leaders has declared, Bloomberg reported on Thursday.Crypto is forbidden due to the elements of uncertainty and wagering, Indonesia’s authority on Shariah compliance, the National Ulema Council (MUI), announced following a hearing.Asrorun Niam Soleh, head of religious decrees, added that a crypto could be … [Read more...] about Indonesia’s Religious Leaders Declare Crypto Illegal for Muslims: Report