The central bank began to prepare bitcoin competitors.

BI did not close the eyes of the increasingly widespread cryptocurrency.

BI said it would also take advantage of the presence of blockchain technology that became the basic technology of the operation of bitcoin and other cryptocurrency,with the existence of this technology, then did not close the possibility of physical currency rupiah that circulated BI over the years, turned into digital. According to Assistant Deputy Executive Director of the Department of Payment System of Bank Indonesia (BI) Susiati Dewi, digital currency technology began to be tested BI this year,The goal is for the industrial efficiency of the payment system. "One day it may be physical money that we circulate to digital.Now has not been.Every country in the world has not been released,the virtual currency of BI and other central banks will be different from the current crypto currency. Because the digital currency released by the central bank will still have assets that are the basis of the transaction.
BI also noted, there are currently 1,490 cryptocurrencies developed in the world, including bitcoin. Bitcoin became the most famous digital currency because of its greatest market value in the world.

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Japanese cryptocurrency will set up its own regulatory body.

Cryptocurrency in Japan is planning to merge and then to create its own regulatory body. The move comes after a $ 530 million digital robbery last month.
Japan Blockchain Association and Japan Cryptocurrency Business Associaton which plans to merge in April, according to a source to Reuters. Later of the two associations will be determined each of the filler position of chairman and vice chairman.
The agency is expected to encourage crypto currency transactions safer. Last month, hackers stole US $ 530 million from Japan-based cryptocurrency exchange Coincheck Inc. This is one of the largest digital currency theft in the world.

The Japan Cryptocurrency Business Association confirmed that no decision has been made. While Japan Blockchain Association has not commented on this news.