The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.
January 17, 2023Nepal declared crypto illegal in September 2021. The order for ISPs and email providers to block crypto websites and apps is new.
January 17, 2023The move comes a year after the central bank suspended yuan trading. The finance ministry said it is allocating the equivalent of about $800mn for FX trades.
January 13, 2023e-CNY in circulation amounted to around $2bn at the end of December, representing 0.13 percent of total currency in circulation.
January 13, 2023Officials asked banks to align their credit policies with stability objectives, including to help improve cash flows and balance sheets at "high-quality" real estate firms.
January 13, 2023The central bank will incorporate weather factors in economic forecast models, use monetary policy to promote sustainable finance, and invest in green bonds.
January 5, 2023Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
December 29, 2022The 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.
December 20, 2022Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.
December 17, 2022More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.
December 16, 2022