Binance is reportedly weighing a potential acquisition of Tokocrypto to expand its presence in the Indonesian market.

A new<a href="https://www.bi.go.id/en/publikasi/ruang-media/pidato-dewan-gubernur/Documents/Book_PTBI_2022_en.pdf" target="_blank"> report</a> by the Bank of Indonesia highlights the country’s 2023 economic growth plan which will include the digitalization of payment systems and the creation of a Digital Rupee. This will comprise increasing the availability and use of digital payments, such as e-wallets and online banking. The government has been actively promoting the use of digital payments since the launch of the national e-payment system, the National Payment Gateway (NPG), in 2019.&nbsp;

Bank of Indonesia governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.”