Regulatory Alerts2024-07-16
Bank Indonesia Regulation Number 6 of 2024 on Money Market and Foreign Exchange Market
Bank Indonesia issued Regulation Number 6 of 2024 to establish a comprehensive regulatory framework for the money market and foreign exchange market, aligning with the strengthened authority granted by Law Number 4 of 2023. The regulation defines key market participants, instruments, and infrastructure while mandating the use of transparent pricing mechanisms and smart contracts to support monetary policy effectiveness and financial system stability. It further outlines supervisory strategies, governance principles, and administrative sanctions to ensure market integrity and modernization.
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