← Facts Registry · Read the commentary
Bank Indonesia's Bitcoin Moment, Minus the Bitcoin Part
What Actually Happened
| # | Claim | Date | Entities | Source |
|---|---|---|---|---|
| 1 | Bank Indonesia is planning to introduce a central bank digital currency (CBDC). | Bank Indonesia, CBDC | Bank Indonesia (White Paper) (archived) | |
| 2 | The proposed CBDC shares some features with Bitcoin but without the decentralization of Bitcoin, and has little to do with actual Bitcoin. | Bank Indonesia, CBDC, Bitcoin | Bank Indonesia (Digital Rupiah overview) (archived) | |
| 3 | Reasons cited for adopting the CBDC include efficiency, financial inclusion, and transparency. | Bank Indonesia, CBDC | Center for Strategic and International Studies (CSIS) - analysis of Indonesia's CBDC (archived) | |
| 4 | The CBDC would allow the government to more easily hand out money in time for the next election. | Bank Indonesia, CBDC | Instagram Video (Primary Source) (archived) | |
| 5 | Under a CBDC, the government could have direct access to individuals' finances. | Bank Indonesia, CBDC | Academic/legal assessment (CBDC and customer data privacy) (archived) | |
| 6 | A CBDC system would be centralized and therefore vulnerable to cyber attacks. | Bank Indonesia, CBDC | Bank for International Settlements (CBDC information security report) (archived) | |
| 7 | The CBDC could affect the role of private banks. | Bank Indonesia, CBDC, Private banks | Bank for International Settlements (CBDC in emerging market economies - short note) (archived) | |
| 8 | The CBDC could affect the legitimacy of the Rupiah. | Bank Indonesia, CBDC, Rupiah | Academic discussion on status and legal aspects of Digital Rupiah (archived) | |
| 9 | Studies have shown that adopting CBDCs has benefits. | CBDC | Bank for International Settlements (collection on CBDCs in emerging market economies) (archived) |