Indonesia

Market Infrastructure

BI Starts Publishing Compounded IndONIA and IndONIA Index

By Editors | 06/02/2023

The publication of Compounded IndONIA and IndONIA Index is aimed at encouraging greater use of IndONIA in financial products.

Crypto / Digital Assets

Indonesia OJK Launches Five Year Capital Market Roadmap

By Editors | 06/02/2023

The roadmap has five pillars, each comprising several action plans. Separate rules will be established for digital assets with the characteristics of securities.

Crypto / Digital Assets

Bank Indonesia Consults on Wholesale CBDC Development

By Editors | 31/01/2023

The consultation paper covers access, issuance, redemption, funds transfer, technical aspects and implications for the financial system.

Enforcement

Indonesian Court Imposes $370m Fine for Stock Manipulation

By Editors | 16/01/2023

The fine is one of the largest ever in an Indonesian corruption case. Prosecutors reportedly plan to appeal the ruling to seek the death penalty.

Crypto / Digital Assets

Indonesian Regulator Bappebti Seeks to Launch Crypto Exchange

By Editors | 09/01/2023

Bappebti is seeking to establish a new crypto exchange for Indonesian users before its regulatory powers over the sector are transferred to the OJK.

Crypto / Digital Assets

Indonesian Lawmakers Pass Major Financial Sector Reforms

By Editors | 20/12/2022

The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.

Crypto / Digital Assets

Bank Indonesia Outlines Plans to Commence CBDC Testing

By Editors | 05/12/2022

The first two phases will focus on experimentation with a wholesale CBDC. The third and final stage will involve end-to-end integration with a retail CBDC.

Fintech / Regtech

Five ASEAN Central Banks Sign MoU on Payments Connectivity

By Sanday Chongo Kabange | 15/11/2022

The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.

Securities / Derivatives

NYSE, IDX Agree to Cooperate on Product Development

By Editors | 08/11/2022

The New York and Indonesian exchange agreed to collaborate on product development, market promotion, and knowledge sharing.