In an effort to further promote a modern and advanced foreign exchange market following the issuance of Regulation of Bank Indonesia (“ BI ”) No. 6 of 2024 on Money Markets and Foreign Exchange Markets, [1] the BI Board of Governors has decided to issue Regulation No. 11 of 2024 on Foreign Exchange Market Transactions (“ Regulation 11/2024 ”). [2] Upon entering into force on 30 September 2024, [3] Regulation 11/2024 simultaneously repealed and replaced the following regulatory frameworks: [4]
BI Officially Introduces Smart Contracts for Foreign Exchange Markets: Consultations Available Apply Now!
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