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Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives.At the recent Blockchain Economy Summit in Dubai, Cryptox spoke with Grace Sabandar,
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Japanese financial holding company SBI Group has announced that its international remittance services arm, SBI Remit, has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries.In an announcement, the company highlighted that SBI Remit has been using
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Indonesia has introduced a national crypto asset exchange and clearing house to foster transparency and security for digital asset investors in the region. The bourse, which has been operational since July 17, 2023, will list existing licensed
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The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks.Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news
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Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia
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Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance. Indonesia’s De-Dollarization Efforts Bank of Indonesia Governor Perry Warjiyo
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Singapore-based Alchemy Pay is quite popular for offering on and off-ramps, crypto payments, as well as NFT checkout to Web3 platforms. In a recent development, the crypto gateway platform Alchemy Pay announced securing a license from the central bank of Indonesia in cooperation with local fintech firm Berkah Digital Pembayaran. As
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Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with the local fintech Berkah Digital Pembayaran.Announcing the news on Feb. 27, Alchemy Pay noted that the Bank of Indonesia issued the licenses jointly to Alchemy Pay and Berkah Digital’s
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The government, which is in the process of changing regulators for crypto, had initially planned to roll out the trading platform by end-2021. Source
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Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022.Trade Minister Zulkifli Hasan shared the new target launch date on Feb. 2 at the opening of Crypto Literacy Month in Jakarta, noting that
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