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Indonesia Considering Mid 2023 For State-Backed Crypto Exchange.
#exchange #indonesia #crypto2023 #cryptotrading
#exchange #indonesia #crypto2023 #cryptotrading
Indonesia's Deputy of Tourism and Creative Economy believes that NFTs and cryptocurrency can solve social and economic challenges in the country by offering unique opportunities for growth and development.#cryptonews #indonesia #NFT
Comparison of crypto market vs capital market investors in Indonesia 2023
As of March 2023 the number of crypto investors reached 16.86M and capital market 10.80M 👏
#keepbuilding #cryptovscapitalmarket #indonesia #crypto2023
As of March 2023 the number of crypto investors reached 16.86M and capital market 10.80M 👏
#keepbuilding #cryptovscapitalmarket #indonesia #crypto2023
Indodax: Bitcoin and crypto rose due to the closure of Silicon Valley Bank
The SVB case has caused many investors to divert their funds to crypto assets, especially bitcoin as a hedge asset.
#SVB #indonesia #crypto2023 #Binance
The SVB case has caused many investors to divert their funds to crypto assets, especially bitcoin as a hedge asset.
#SVB #indonesia #crypto2023 #Binance
🇮🇩 ACH Alchemy Pay received a licensed from the central bank of Indonesia to carry out money transfer
#ach #indonesia #money
#ach #indonesia #money
Indonesia's Governor, Ridwan Kamil, announces the country is fully open to Bitcoin!
#crypto2023 #bitcoin #amansaiofficial #indonesia
#crypto2023 #bitcoin #amansaiofficial #indonesia
Indonesia's regulatory body, Bappebti, is finalizing the establishment of a cryptocurrency exchange, expected to launch by July 2023 at the latest. The progress of the exchange is currently at 75%.
The launch is contingent upon adequate funding and the establishment of clearing and depository institutions. The operator of the exchange has not been disclosed yet.
The launch has been delayed due to regulatory uncertainties regarding consumer protection and company transparency.
However, the Deputy Minister of Trade, Jerry Sambuaga, remains optimistic that the exchange will be launched before June 2023 and anticipates a resurgence in crypto assets this year, with transaction volumes reaching record levels similar to 2021.
#dyor #indonesia #regulations #crypto2023
The launch is contingent upon adequate funding and the establishment of clearing and depository institutions. The operator of the exchange has not been disclosed yet.
The launch has been delayed due to regulatory uncertainties regarding consumer protection and company transparency.
However, the Deputy Minister of Trade, Jerry Sambuaga, remains optimistic that the exchange will be launched before June 2023 and anticipates a resurgence in crypto assets this year, with transaction volumes reaching record levels similar to 2021.
#dyor #indonesia #regulations #crypto2023
Metanesia is teaming up with CRMS to bring training to the world of the Metaverse
#indonesia #binance #metaverse
▪️Salmonation $SUI Bridges to BeOne Blockchain $BOC, Boosting Indonesia's First DeFi Ecosystem with Smart Contracts
#sui #suinetwork #boc #indonesia #crypto2023
#sui #suinetwork #boc #indonesia #crypto2023
Crypto asset enthusiasts in Indonesia play a crucial role in strengthening the country's position in the global industry.
The crypto asset industry remains resilient and attracts long-term investors. Stakeholders are committed to enhancing the crypto asset ecosystem.
Despite a decrease in transaction value, the number of crypto investors continues to increase.
In May 2023, the number of investors reached 17.4 million individuals, with a monthly growth of 15,000 investors or 0.87%.
This increase demonstrates high awareness and acceptance of digital assets.
Despite a slowdown in growth, the crypto asset market in Indonesia still has significant potential for future development.
#dyor #Binance #bitcoin #indonesia
The crypto asset industry remains resilient and attracts long-term investors. Stakeholders are committed to enhancing the crypto asset ecosystem.
Despite a decrease in transaction value, the number of crypto investors continues to increase.
In May 2023, the number of investors reached 17.4 million individuals, with a monthly growth of 15,000 investors or 0.87%.
This increase demonstrates high awareness and acceptance of digital assets.
Despite a slowdown in growth, the crypto asset market in Indonesia still has significant potential for future development.
#dyor #Binance #bitcoin #indonesia
Bank Indonesia (BI) and other central banks are studying Rupiah Digital, a CBDC. BI's Garuda Project oversees its exploration and design.
Rupiah Digital represents the Indonesian Rupiah and functions like physical cash, electronic money, and card payments. It's issued solely by BI and not a cryptocurrency or stablecoin.
The development process involves releasing a White Paper, gathering feedback, and conducting iterative steps: public consultations, technology experiments, and policy reviews.
Rupiah Digital includes wholesale and retail versions for different transactions. Its issuance ensures a fast, convenient, affordable, secure, and reliable currency, preserving the Rupiah's status as Indonesia's sole legal currency.
#dyor #indonesia #crypto2023 #digitalcurrency
Rupiah Digital represents the Indonesian Rupiah and functions like physical cash, electronic money, and card payments. It's issued solely by BI and not a cryptocurrency or stablecoin.
The development process involves releasing a White Paper, gathering feedback, and conducting iterative steps: public consultations, technology experiments, and policy reviews.
Rupiah Digital includes wholesale and retail versions for different transactions. Its issuance ensures a fast, convenient, affordable, secure, and reliable currency, preserving the Rupiah's status as Indonesia's sole legal currency.
#dyor #indonesia #crypto2023 #digitalcurrency
Indonesia, one of the world’s most populous countries, has officially joined the ranks of nations with a national crypto exchange and clearing house.
After overcoming challenges and delays, the Commodity Futures Trading Supervisory Agency (Bappebti) announced on July 20 the successful launch of the long-awaited exchange, marking a significant milestone in the country’s crypto journey.
#indonesia #exchanges #Bappebti #bitcoin $BTC #IDR
After overcoming challenges and delays, the Commodity Futures Trading Supervisory Agency (Bappebti) announced on July 20 the successful launch of the long-awaited exchange, marking a significant milestone in the country’s crypto journey.
#indonesia #exchanges #Bappebti #bitcoin $BTC #IDR
Tourists will be deported from Bali for paying for products and services in crypto
Cryptocurrency are not banned in Bali, but paying for products and services with them is prohibited
Bali authorities will fight against foreign tourists. Who pay with cryptocurrency in hotels, restaurants, tourist centers, stores and other places, the Indonesian edition of Antara reported. Cryptocurrencies are not banned in the country, but they cannot be used as a means of payment from 2021.
“Foreign tourists who behave inappropriately. And violate visa restrictions and other regulations and use cryptocurrency as a means of payment, will be severely punished.” This was announced by Bali Governor Wayan Koster at a press conference on tourism development in Bali.
Koster recalled that in Indonesia it is illegal to use currencies other than the local rupiah as a means of payment. Violation of the law is punishable by imprisonment of 1 to 5 years. And also a fine from 50 million rupees ($3.3 thousand) to 22 billion rupees ($1.4 million).
Tourists can be deported, and violators also face administrative and criminal penalties. As well as the closure of commercial premises, bans on payment transactions and other harsh sanctions, Koster said.
Our experts note that cryptocurrency trading is allowed in Indonesia. In January, the country’s government announced plans to launch a national cryptocurrency exchange by the end of 2023.
#indonesia #crypto2023 #Binance #cryptocurrency #cryptotrading
Bali authorities will fight against foreign tourists. Who pay with cryptocurrency in hotels, restaurants, tourist centers, stores and other places, the Indonesian edition of Antara reported. Cryptocurrencies are not banned in the country, but they cannot be used as a means of payment from 2021.
“Foreign tourists who behave inappropriately. And violate visa restrictions and other regulations and use cryptocurrency as a means of payment, will be severely punished.” This was announced by Bali Governor Wayan Koster at a press conference on tourism development in Bali.
Koster recalled that in Indonesia it is illegal to use currencies other than the local rupiah as a means of payment. Violation of the law is punishable by imprisonment of 1 to 5 years. And also a fine from 50 million rupees ($3.3 thousand) to 22 billion rupees ($1.4 million).
Tourists can be deported, and violators also face administrative and criminal penalties. As well as the closure of commercial premises, bans on payment transactions and other harsh sanctions, Koster said.
Our experts note that cryptocurrency trading is allowed in Indonesia. In January, the country’s government announced plans to launch a national cryptocurrency exchange by the end of 2023.
#indonesia #crypto2023 #Binance #cryptocurrency #cryptotrading
▪️ Indonesia to launch national crypto exchange in July 2023
#crypto #crypto2023 #indonesia #july #exchanges
#crypto #crypto2023 #indonesia #july #exchanges
Bali Police recently went undercover as customers to expose a covert network of transactions involving cryptocurrency payments.
The operation led to the arrest of TS, 33, a car rental entrepreneur, at his business premises in Jimbaran on Monday.
The Cyber Unit of the Bali Police launched an investigation after receiving reports of an increasing number of individuals using cryptocurrency for transactions on the Island of Gods.
#bali #indonesia #cryptocurrency #cryptoregulations #cryptoonindia
The operation led to the arrest of TS, 33, a car rental entrepreneur, at his business premises in Jimbaran on Monday.
The Cyber Unit of the Bali Police launched an investigation after receiving reports of an increasing number of individuals using cryptocurrency for transactions on the Island of Gods.
#bali #indonesia #cryptocurrency #cryptoregulations #cryptoonindia
Local authorities have warned that tourists who attempt to use crypto as a means of payment will be "dealt with firmly."
Foreign tourists who use crypto as a means of payment in Bali will be "dealt with firmly," local authorities have warned.
Speaking at a tourism development press conference on Sunday, Bali Governor Wayan Koster said that visitors who pay with crypto or break other rules could be deported, face criminal penalties, or be dealt tough sanctions.
#bali #indonesia #cryptoban #cryptocurrency #cryptoonindia
Foreign tourists who use crypto as a means of payment in Bali will be "dealt with firmly," local authorities have warned.
Speaking at a tourism development press conference on Sunday, Bali Governor Wayan Koster said that visitors who pay with crypto or break other rules could be deported, face criminal penalties, or be dealt tough sanctions.
#bali #indonesia #cryptoban #cryptocurrency #cryptoonindia
