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Here’s a major sign that a CBDC could soon be coming to Indonesia
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There are countless reasons for a country to push for a CBDC. These include international rivalry, fintech innovation, a flailing currency, or – in one country’s case – crypto itself.
Indonesia has had a thorny relationship with cryptocurrency but is reportedly thinking over plans for its own “digital rupiah” CBDC.
As previously reported, Indonesia’s central bank officials aren’t very bullish on crypto, and see CBDCs as a way to fight back against decentralized digital currencies.
However, this may
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