Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases.
Indonesia News
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Blockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS affiliates across Asia.
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The platform, monitored by local regulators, will be the only space in the country where the legal exchange of digital assets is allowed.
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Once launched, Indonesia’s national crypto exchange will be the only platform allowing crypto transactions, the local regulator said.
13082 - Follow up
The community expressed a range of opinions, with some individuals stating that the ban is reasonable, while others went as far as reconsidering their vacation plans.
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Cryptocurrency trading is legal in Indonesia, but the use of crypto for payments carries hefty penalties, including jail time.
23213 - Spotlight
Agricultural sectors, such as the coffee market, can integrate blockchain to achieve better traceability, security, and speed.
21438 - In depth
The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia.
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Alchemy Pay has partnered with a local fintech in Indonesia to offer low-cost remittances for crypto users.
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Indonesia’s financial services regulator had hoped to set up the crypto exchange by the end of 2022, but this was delayed by a number of obstacles.
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The platform comes as a part of the plan to shift the regulatory oversight from the commodities agency to the securities authority.
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This is the third licensed Asian cryptocurrency exchange Binance has upped its stake in as it expands its global reach; the company had shown signs of struggling.
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The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”
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“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.
6479 - Analysis
Founders of Bitcoin Beach El Salavdor, Bitcoin Ekasi in South africa, Dakar Bitcoin Days in Senegal and Global Bitcoin Fest shed light on building Bitcoin communities around the world.
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