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Digital Rupiah
In the Draft Law on the Financial Sector Development and Strengthening or the P2SK Bill, there is an article that regulates the existence of digital money.
The article is an addition to Law Number 7 of 2011 concerning currency, which does not yet accommodate the existence of digital money.
It is stated that the medium of exchange consists of paper, metal and digital rupiah. Thus, Bank Indonesia (BI) will be able to launch digital money or Central Bank Digital Currency (CBDC), something which has received wide attention from almost all central banks around the world.