Any foreigners caught using cryptocurrency on the island of Bali as a form of payment would be “dealt with firmly,” the government has warned. At a news conference on Sunday to promote Bali’s tourist industry, Governor Wayan Koster warned that foreigners who use cryptocurrency for purchases or otherwise infringe the
Governor Ridwan Kamil of the Indonesian province of West Java spoke about his support for Bitcoin in a recent fireside chat dubbed “The Indonesia Bitcoin Mining Campaign.” While stressing Indonesia’s attempts to adopt this digital asset, Governor Kamil gave a favorable assessment of the flagship cryptocurrency. Specifically, plans are in
Jakarta, Indonesia – The BFSI industry in Indonesia is set to take a major leap forward with IT Summit, Organized by Exito Media Concepts. The Summit is supported by Indonesia Blockchain Society and KADIN Indonesia. The 17th Edition of BFSI IT Summit Indonesia is taking place on the 10th of
Post the FTX fiasco, regulators and authorities around the world are cautious about crypto exchanges. Indonesia, one of several nations rapidly adopting cryptocurrencies, wants to build the world’s first government-backed crypto exchange by June 2023 at the earliest. The Ministry of Trade of Indonesia had planned to debut the market
Indonesia’s Central Bank on Wednesday revealed a planned white paper for a digital rupiah currency that will utilize blockchain technology as the country experiences a spike in digital transactions since 2020. Its been a year since Bank Indonesia (BI) tried to expose the potential of introducing its own digital currency
It has been announced by the Indonesian government that it plans to give the Financial Services Authority (OJK) responsibility for regulating, supervising, and overseeing the country’s expanding cryptocurrency investment market. Currently, market regulation is under the purview of the Ministry of Trade and the Commodity Futures Trading Regulatory Agency. As
Indonesia will open a crypto stock market by the end of 2022. Only 4% of people have actively engaged in cryptocurrency trading. In Indonesia, there has been a significant improvement for crypto fans. The nation is preparing to build a cryptocurrency stock exchange. Deputy Trade Minister Jerry Sambuaga reportedly said
There was no mention of future intentions for PT Kripto Maksima Koin. PT Kripto Maksima Koin will be given its license on January 28, 2022. GoTo (PT) Gojek Tokopedia Tbk (GoTo), an Indonesian IT business, recently acquired the local cryptocurrency exchange PT Kripto Maksima Koin.The fourth most popular country in
The conceptual design of the future digital rupiah would be released by the end of 2022. The digital rupiah’s security measures are now being developed by Bank Indonesia. Indonesia’s central bank is aiming to create a new digital rupiah in large quantities. Regulators aim to make sure that the new
The exchange does not release its trade volumes to the general public. A $35 million Series A investment was secured in August last year. Today, Indonesian cryptocurrency exchange and wallet Pintu revealed that it had secured $110 million in Series B investment from Lightspeed, Pantera Capital and Northstar Group. Pintu
