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Jakarta Post
The Jakarta Post
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BI and cryptocurrencies: A love-hate story

  • Ibrahim Kholilul Rohman and Soumaya Ben Dhaou
    Ibrahim Kholilul Rohman and Soumaya Ben Dhaou

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Guimaraes, Portugal | Wed, December 27, 2017 | 11:17 am
BI and cryptocurrencies: A love-hate story BI seems to be distancing itself from the use of cryptocurrencies. People might then question: Why has BI taken such a stance?  (Shutterstock/File)

PREMIUM 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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