Destry Damayanti is a candidate for Senior BI Deputy Governor
The House of Representatives (DPR) today held a public hearing (RDPU) for the election of a single candidate for Bank Indonesia Senior Deputy Governor (DGS), Destry Damayanti.
In the fit and proper test, Destry was asked questions regarding the development of digital money in Indonesia. XI commission member Sarmuji asked about Destry's view regarding Facebook which would issue a digital currency, Libra.
Destry responds to digital money such as Bitcoin and Libra which will soon be launched, not yet recognized by central banks throughout the world. He explained that the money was only recognized and used by certain communities, like monopoly money.
"Cryptocurrencies such as Libra and Bitcoin are unavoidable. European central banks still see this Libra as unclear conditions. Like monopolies, they are only used by those who are members of their community," he explained at the House of Representatives Commission XI, Jakarta, Monday (1 / 7/2019).
He revealed the system used by Bitcoin and Libra outside the Central Bank system. This is a challenge for central banks throughout the world. Destry said, to deal with this, the central bank could synergize and continue to study and master financial technology.
Destry gave an example, for example, BI requires fintech to be registered in the banking system.
"We do an open banking system, there can be OVO and LinkAja, or other banks issue the payment system to form an interconnection and inoperability GPN, the canals can be various, transactions vary, but one system on the GPN," he said.
Destry also pointed out, China which was once loose about fintech is now starting to strictly regulate it.
"Because there are risks like shadow banking or money laundry if you don't go through the banking system," he said. source
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