#StablecoinLaw
The law closes a long-standing regulatory gap in the issuance of payment stablecoins and the storage of stablecoin reserves, aiming to strengthen consumer protection, encourage responsible innovation, and bolster the position of the US dollar as the world's reserve currency.
Several countries have passed stablecoin regulations; does Indonesia have one too? That's right.
In Indonesia, the stablecoin infrastructure is being developed by the local startup company IDRX. This company is developing a stablecoin backed by the Indonesian rupiah.
LET'S BE A PART OF THIS DEBATE.
