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View all search resultsDepending on how it is designed, the central bank can wield its planned "digital rupiah" CBDC as a powerful tool for combating corruption, but this requires a delicate balance between transparency, security and individual privacy.
The proposal comes amid rising cases of data breaches and digital attacks: Indonesia saw nearly 100 incidents of data breaches, mostly afflicting government bodies, were recorded between 2019 and mid-2023, according to the Communications and Information Ministry.
The country’s largest sharia bank, without either confirming or denying last Tuesday’s alleged data breach, has said its customers’ data and funds are safe and that it is working with the authorities on the incident.
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