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Thailand is reining in decentralized finance, while forging ahead with its own central bank digital currency to maintain control over digital transactions.
Several trial runs for the e-CNY have taken place over the past few months, each providing data about how consumers use the world’s first digital currency.
Pintu founder Jeth Soetoyo previously launched the stablecoin Rupiah Token.
Ant Group and MYbank will continue to support the research, development, and trials of the PBOC’s e-CNY.
Indonesia recently blocked 26 unauthorized investment businesses, including three crypto platforms.
Partior aims to address the need for efficient digital clearing and settlement solutions across the banking industry.
The startup integrates various blockchains into a single interoperable network, while also lowering costs for developers.
The funding comes at a time when Reserve Bank of India is working on floating its own fiat currency and putting a ban on crypto trading.
Cryptocurrencies caught the attention of the Indonesian government as the daily transaction value reached USD 4.8 billion in February.