BI and cryptocurrencies: A love-hate story
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Ibrahim Kholilul Rohman and Soumaya Ben Dhaou
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Guimaraes, Portugal |
Wed, December 27, 2017
| 11:17 am
BI seems to be distancing itself from the use of cryptocurrencies. People might then question: Why has BI taken such a stance? (Shutterstock/File)
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Bank Indonesia (BI) has hinted at the possible implementation of a new regulation on electronic money (e-money) to be put in place starting in 2018. In a highly anticipated response, the central bank has also signaled the prohibition of transactions using cryptocurrencies, like Bitcoin, starting next year.
At the moment, while a specific regulation has not yet been introduced,...
Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.
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