🔴Indonesia Joins CBDC Race: Digital Rupiah by 2030

➡️Bank Indonesia has officially unveiled its roadmap for a digital Rupiah, with a full launch targeted for 2030.

🔴🗓️ Implementation Timeline:

➡️2025-2026: Testing for securities and transfers

➡️2027-2028: Monetary operations and market transactions

➡️2029-2030: Advanced features (programmability, tokenization)

🔴🔍 Key Details:

➡️Technology: Built on distributed ledger technology (DLT)

➡️Strategy: Part of Bank Indonesia's "Payment System Blueprint 2030"

➡️Goal: Modernize payments, enhance financial inclusion, maintain monetary sovereignty

🔴💡 My Analysis:

Indonesia's phased approach shows careful planning rather than rushing to keep up with trends. The focus on programmability and tokenization by 2030 could eventually create new opportunities for blockchain integration in Southeast Asia's largest economy.

🔴❓Do you think CBDCs like the digital Rupiah will ultimately compete with or complement cryptocurrencies like Bitcoin?

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