Remove CBDC Remove Liquidity Management Remove Multi-Currency
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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda. Each platform exhibited distinct strengths.

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Payments regulation roadmap: Q3 2025​

The Payments Association

Globally, preparations for central bank digital currencies and evolving open finance frameworks signal longer-term structural change. Legal issue/risk Next steps/action required Legal issue/risk: CBDC issuance requires primary legislation and parliamentary approval—introducing political and procedural uncertainty.

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Indonesia Completes Rupiah Digital PoC, Advancing Wholesale CBDC Exploration

Fintech News

This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC). The PoC findings also revealed that DLT-based solutions could enhance liquidity management and security, ensuring seamless integration with both domestic and cross-border systems.

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The payments regulation roadmap: Q2 2025

The Payments Association

Firms that support currency exchange as part of their payment services to consumers or microenterprises should review their customer disclosures in light of Consumer Duty requirements. T+1 also raises challenges around funding and liquidity management, especially for cross-border trades involving time zone differences or currency conversions.