Indonesia c.bank says digital rupiah currency can be used in metaverse – Reuters

JAKARTA, Dec 5 (Reuters) – Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.
BI launched the design for its digital rupiah last week, following many central banks around the world that are developing so-called central bank digital currencies (CBDCs).
Perry, speaking at an event on the digital rupiah, added the currency will use a technology platform that will be compatible with other central banks' digital currencies.
"…therefore in terms of infrastructure, it can be integrated, interconnected, and interoperable [with other CBDCs]," he said.
Perry said there will be an agreement among central banks on the exchange rate used for digital currencies and on its operational supervision, which includes cyber risk and capital flow.
Southeast Asia's biggest economy currently bans the use of cryptocurrencies as a means of payment, but allows transactions of the digital assets in the commodity futures market for investment purposes.
BI will roll out the digital rupiah in stages, starting from wholesale CBDC to development of the digital rupiah's business model for monetary operations and money market, and eventually a retail CBDC for everyday use.
Our Standards: The Thomson Reuters Trust Principles.
Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved

source