Indonesia Flag Crypto Could Strengthen the Global Financial System, But There's a Catch

Crypto Could Strengthen the Global Financial System, But There’s a Catch

Bank of Indonesia’s Governor argued that cryptocurrencies could provide individuals access to useful financial products and benefit Indonesias monetary network.

Joewono maintained that cryptocurrencies could provide individuals access to useful financial products and benefit Indonesias monetary network.

The Governor argued that such digital services will remain a trend even after the end of the coronavirus health disaster, and they will aid the future growth of the crypto industry.

In his view, cryptocurrencies have inspired numerous central banks across the globe to explore and release a CBDC.

Indonesias crypto adoption rate is much higher than developed economies such as the USA (20%) and the UK (18%).

 

 

Indonesia Flag Crypto Could Strengthen the Global Financial System, But There's a Catch
Crypto Could Strengthen the Global Financial System, But There's a Catch 3

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