Indonesia Financial News

01.06 / 15:09

Blockchain BLOCK Digital Action Strategy Syscoin 11 things the United States can learn from other nations’ crypto regulations

While the U.S. has long been known as a center of innovation and new technology, the nation’s regulatory bodies don’t seem to know quite what to make of the crypto industry. The U.S. is lagging behind countries in Europe and Asia in establishing crypto regulations, and it’s not because the industry is broadly resistant. Indeed, crypto insiders would welcome — are asking for — clear and consistent guidelines.

29.05 / 20:37

UPS FIVE VISA regulation Bali foreign Bali Tightens Regulations: Stricter Measures Implemented to Restrict Foreign Tourists from Using Cryptocurrency as Payment

The popular Indonesian tourist island Bali will tighten rules around payments to make it harder for foreign tourists to pay with crypto.

29.05 / 10:53

Government regulation community Bali Tourists are unhappy with crypto payments ban in Bali

The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services and reminded tourists that the Indonesian Rupiah is the only legal tender. Some tourists were dissatisfied with the decision, saying that they will not visit again.

29.05 / 06:39

Payments regulation Ban Bitcoin Payments Bali Warning ‘Dealt with firmly’ — Bali governor issues warning to tourists using crypto

Bali’s government is cracking down on tourists paying for goods and services using cryptocurrency, with the island’s governor sending a reminder that Indonesia’s fiat currency is the only legal tender.

24.05 / 07:39

Blockchain Provident Digital CEO Platform Matrixport Crypto Expo Asia Announces Latest Headline Speakers and Partners: Coinhako, EMURGO, Matrixport, and More

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

20.05 / 10:57

Blockchain Adoption Supply Chain Agriculture From farm to cup: How blockchain is used in the coffee supply chain

Blockchain has a lot to offer to agriculture, helping the oldest industry reach a new dimension. Everything related to data and transactions can be enhanced with traceability, security, and speed. All of these features and benefits can transform agriculture and help it scale. With demand for food and agricultural products expected to jump 70% by 2050, scaling is more than a necessity.

19.05 / 11:49

Blockchain cryptocurrency Mining Investing Investment community Bitcoin Low Bitcoin2023 Suffers from Low Turnout Amidst High Ticket Prices and Crypto Downturn

"The world's biggest Bitcoin conference" seems to have shrunk – attendance-wise, that is.

17.05 / 17:11

Blockchain Provident FIVE Binance Platform Bitget Launches Blockchain4Youth Initiative

Bitget, a cryptocurrency derivatives exchange, has announced a new corporate social responsibility project, Blockchain4Youth, aimed at promoting cryptocurrency education among the younger generation. The initiative will allocate $10 million over five years towards providing blockchain courses and certifications through Bitget Academy and hosting campus lectures in partnership with universities worldwide. Bitget will also collaborate with other leading blockchain firms to incubate innovative projects by young entrepreneurs and host U30 (Under the age of 30) hackathons to identify the most promising ones.

04.05 / 11:15

business Blockchain Web3 Funding Bitget pledges $10M for Blockchain4Youth corporate responsibility project

On May 4, cryptocurrency derivatives exchange Bitget announced it would allocate $10 million over five years for its novel corporate social responsibility project. Dubbed "Blockchain4Youth," the project will provide blockchain courses and certifications through Bitget Academy and host campus lectures in partnership with universities worldwide. In addition, Bitget staff wrote:

28.04 / 11:29

business Adoption Survey Research 46% of millennials across major economies own crypto: Bitget research

A new survey suggests that 46% of millennials across major population countries, such as the United States, China, Japan, Germany, Indonesia and Nigeria, own cryptocurrencies.

14.04 / 16:45

Ethereum wallet Polygon Apple Uniswap Decentralization Optimism Apple Approves Decentralized Exchange Uniswap iOS Wallet App – Here's How it Works

"This is not a drill," wrote Uniswap Labs, the company behind one of the world's leading decentralized exchanges. "The Uniswap mobile wallet is out of Apple jail and now live in most countries."

11.04 / 20:37

Blockchain Ethereum Provident Digital CEO Bali CoFund tokenizes $10M hotel in Bali via Tokeny

On Apr. 11, tokenization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate tokenization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security tokens on the Polygon (MATIC) network to tokenize a $10 million hotel in the Indonesian island resort of Bali.

07.04 / 03:45

Government Report Study Research NOT Study claims 99.5% of crypto investors did not pay taxes in 2022

Swedish crypto tax firm Divly has released a new report that estimates that only 0.53% of crypto investors globally paid tax on their crypto in 2022 — however tax experts have cast doubt on the figures and methodology.

30.03 / 13:57

business Government Blockchain Technology Adoption Asia Indonesian government looks to NFTs to preserve cultural heritage

One of the primary benefits of blockchain technology is the ability to record and capture information in a permanent, tamper-proof record. Once data is on a blockchain network, it cannot be altered, making it an ideal solution for record-keeping.

24.03 / 20:21

business Venture Capital consequences bail Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

Cryptocurrency exchange Zipmex has reportedly not received the latest payment under its buyout agreement with venture capital firm V Venture. The exchange has sent a letter to the firm warning that it will have to begin liquidating one of its units without that money.

24.03 / 13:39

Zipmex Crypto Exchange Thai Crypto Exchange Zipmex's $100 Million Bailout Stumbles as Payment Missed

Troubled crypto exchange Zipmex's $100 million bailout deal is in jeopardy as the exchange has not received its latest payment due March 23.

21.03 / 00:49

CBDC regulation IMF Middle east IMF examines CBDC design in context of Islamic banking, finds some risks magnified

A central bank digital currency (CBDC) can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital flows, even when it is not designed to do so, according to a study published by the International Monetary Fund. The unintended impact of a CBDC may be felt particularly acute in the Islamic banking system.

16.03 / 17:03

Blockchain Provident Digital Google Platform Omni Exploring the possibilities of Web3 with super apps

Some of the biggest players in Web2 are striving to create so-called “super apps,” eying the incredible potential growth that tapping into every kind of internet service would enable.

27.02 / 12:23

business Payments regulation Crypto gateway Alchemy Pay scores license in Indonesia

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.

26.02 / 13:21

FTX Crypto Exchange Backed Indonesia Targets Mid-2023 for its State-Backed Crypto Exchange

Indonesia aims to launch its much-anticipated state-backed crypto exchange by mid-2023, according to the country's Commodity Futures Trading Regulatory Agency (Bappebti), which currently oversees digital assets.

24.02 / 02:25

UPS Twitter CEO Action Remark Gemini Bull run Gemini co-founder: Crypto's next bull run will start in Asia

Cameron Winklevoss, an American investor and co-founder of the cryptocurrency exchange Gemini, predicts that Asia will be the beginning of the next bull run for cryptocurrencies.

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