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Top BRICS Diplomats Approached Indonesia With Proposal to Join, Foreign Minister Says
2.9.2023
The foreign ministers of the BRICS states have reached out to invite Indonesia to become a member of the group, their Indonesian counterpart unveiled. The government in Jakarta is still weighing the benefits of joining the organization and is yet to decide whether to apply formally. BRICS Nations...
Regulator Halts Trading of FTX Tokens in Indonesia
17.11.2022
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world....
Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight
11.11.2022
The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market....
Indonesian Government to Launch Crypto Bourse This Year, Official Says
4.9.2022
The Indonesian government is set to launch a crypto bourse by the end of this year, a high-ranking government official reportedly revealed. “We will make sure that every requirement, procedure, and the necessary steps have been taken,” he emphasized. Crypto Bourse Coming Soon...
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments
23.7.2022
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year...
Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets
27.5.2022
With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest...
Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading
26.1.2022
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...
Binance Developing Crypto Exchange in Indonesia
19.12.2021
Binance has formed a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange.” Binance Building Cryptocurrency...
Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto
2.12.2021
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...
Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency
28.10.2021
A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice...
Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars
25.9.2021
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered...
PR: TRCE – Crypto Exchange Set To Launch In Q4 2019
3.6.2019
The Real Cryptocurrency Exchange (TRCE) is a Seychelles Cryptocurrency company headquartered in Buenos Aires, Argentina (2019) with plans to open offices in Spain (2020) and Singapore (2021). The mission at TRCE is to reduce the access gap in the Cryptocurrency Market worldwide, primarily focusing...