Indonesia has joined the list of countries exploring Bitcoin as a potential national reserve, a discussion taking place in the Vice President's office.
Idea of Using Bitcoin as a National Reserve
The initiative to consider Bitcoin as a national reserve has been proposed by the Vice President's office. The goal is to diversify national reserves and reduce reliance on traditional currencies like the U.S. dollar amid global economic volatility.
Discussion on Bitcoin Mining Strategy
Community members visited the Vice President’s office to present how Bitcoin could support the country’s economic strategy. They suggested using Bitcoin mining as a national reserve strategy to promote long-term economic stability.
Support and Criticism of the Initiative
The initiative is backed by various figures, including the CEO of the licensed crypto exchange Triv. The proposal to include Bitcoin in investment portfolios has been discussed widely, though Indonesia's financial regulator expressed caution and emphasized the need for strict regulation.
The discussion of integrating Bitcoin into Indonesia's national reserves raises questions about the future of cryptocurrency in the country and its potential impact on the state's obligations.
