Posts Tagged ‘virtual currency’

Bank Indonesia in Yogyakarta by B10m

Bank Indonesia Sets New Limits for the Provision of E-Money

Bank Indonesia (“BI“) has issued a long-anticipated regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated. The new regulation, BI Regulation No. 20/6/PBI/2018 regarding Electronic Money (“BI Reg 20“), revokes all existing BI e-money regulations. E-Money Classification BI Reg 20 opens with an explicit classification of e-money based on [...]

Bitcoin

Virtual Currency Is Here, So How Is Indonesia Going to Regulate It?

By Harry Kuswara Virtual currency, or cryptocurrency, has made its way to Indonesia and government agencies are working to regulate its use. But as Bitcoin, Ripple, Peercoin and other virtual currencies increasingly attract the interest of Indonesians for all kinds of reasons, there is no regulation in Indonesia that deals specifically with virtual currency, a [...]