Cryptocurrency Analysis and News Portal
"The establishment of exchanges, clearing houses and managers of crypto asset storage is proof that the government is present in an effort to create a fair and fair crypto asset trading ecosystem to guarantee legal certainty and prioritize protection for the public as customers," Didid Noordiatmoko, head of the Indonesian
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Foreign tourists in Bali, Indonesia, will no longer use cryptocurrencies as payment after the Bali Provincial Government banned the usage of digital currencies such as bitcoin (BTC) or USDT. Bali governor Wayan Koster voiced his concerns
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Crypto exchange Coinbase has said it is planning to reduce its headcount by around 950 employees as part of a restructuring which it expects to be complete by the end of Q2 2023. Pacific Street Managing Director Gareth Rhodes weighed in on the lingering crypto winter jitters. Meanwhile, bitcoin (BTC)
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Kripto Maksima is one of 25 crypto exchanges registered with Indonesia's Commodity Futures Trading Regulatory Agency, known as Bappebti. The regulator stopped issuing new registration certificates for crypto firms earlier this month, with the aim of making trading activities "transparent, efficient and effective," Tech in Asia reported, referencing a Bappebti
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Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021.It’s getting to the point
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Liberty Gaming Guild (LGG), a next-generation barrier-breaking project aiming to make play-to-earn gaming more accessible to global gamers, and Persib Bandung, a top Indonesian Football club, have joined forces. The Liberty Gaming Guild (LGG) and Persib Bandung Partnership The announcement states that both parties are ecstatic and are optimistic it would be
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Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes under the guise of crypto. Indonesian Regulator’s Crypto Warning Indonesia’s Financial Services Authority (OJK), the Jakarta-based government agency which regulates the financial
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In 2021, the number of global crypto holders has been estimated to have increased by 3.9% to more than 300 million crypto users worldwide, with more than 18,000 businesses already accepting cryptocurrencies as payment. India is currently in the lead with 100 million users, followed by the United States with
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Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said an assistant governor of the
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Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country.Juda Agung, an assistant governor of Bank Indonesia, said in parliament that a digital rupiah would address the effect crypto trading has on the financial system, Bloomberg reported Tuesday.“A
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