In the 2025 National Trade Estimate Report (NTE) released by the United States Trade Representative Office (USTR), the US government explicitly highlighted Bank Indonesia Regulation (PBI) Number 21 of 2019 concerning the Application of National Standard (QRIS) National Quick Response Code Standard (QRIS) Standards. They consider this policy not to be inclusive towards the participation of financial technology companies from the US. This highlight seemed to be a new chapter in the tensions of the Indonesia-As trade war which now touched the realm of micro transactions though.
Not only PBI 21/2019, the US also questioned PBI Number 19 of 2017 concerning the National Payment Gate (GPN) which requires all domestic ...
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