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Indonesia aims to mine Bitcoin for national reserves following an important meeting
Indonesia is considering integrating Bitcoin into its national reserves following a meeting between the Vice President's Office and Bitcoin Indonesia. The meeting marks an important step in the country's digital asset strategy, with ideas such as mining Bitcoin for reserves and using BTC as an inflation hedge.
Bitcoin Indonesia has presented macro trends, including the shift in global reserve strategies and the efforts of countries such as El Salvador, Bhutan, the US, Kazakhstan, and Pakistan to accelerate BTC accumulation.
Currently, Indonesia's national reserves mainly consist of gold, USD, and government bonds. Adding Bitcoin will expand the strategy to digital assets. Indonesian officials are said to be considering a gradual approach, through limited ownership or mining experiments, in order to avoid disrupting the current reserve structure.