PANews|Nov 02, 2025 02:53
[Bank Indonesia Plans to Launch Blockchain-Based Digital Rupiah]
Bank Indonesia has announced plans to launch the Digital Rupiah (Rupiah Digital), built on distributed ledger technology (DLT), as a digital version of the Sovereign Rupiah (SRBI), with phased implementation planned before 2030. According to Bank Indonesia's '2020-2030 Payment System Blueprint,' the project will be carried out in three stages: from 2025 to 2026, a pilot program will focus on the issuance, transfer, and withdrawal of digital securities; from 2027 to 2028, tests will be conducted on monetary operations and financial market transactions; and from 2029 to 2030, advanced features such as programmability, composability, and tokenization will be introduced. This initiative aims to drive the digital transformation of Indonesia's payment system.
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