Indonesia Aims to Introduce Digital Rupiah by 2030
Digital Rupiah Initiative: Indonesia plans to launch the Digital Rupiah by 2030, focusing on wholesale usage under the initiative named 'Proyek Garuda,' led by Bank Indonesia and Governor Perry Warjiyo.
Impact on Financial Systems: The introduction of the Digital Rupiah is expected to significantly reshape Indonesia's payment systems and financial markets, with potential shifts in traditional transaction industries.
Technological Framework: The phased rollout will utilize platforms like Corda and Hyperledger Besu, with anticipated regulatory changes outlined in Indonesia’s 2030 National Payment System Blueprint.
Global Context and Challenges: Historical trends from other countries suggest that while there may be no direct impact on public cryptocurrencies, the project could face adaptation challenges and redefine Indonesia's payment regulatory structure.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00251 | 0.0161 | 0.0263 | 0.0399 | 0.0501 | 0.0637 | 0.0739 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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