Indonesia – Page 3

Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’

May 17, 2023

Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia Establishes New National Payment…
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10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

May 14, 2023

The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S.…
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Indonesia Is Following BRICS De-Dollarization Lead, Says Central Bank Governor

April 25, 2023

Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance. Indonesia’s De-Dollarization Efforts Bank of Indonesia Governor Perry Warjiyo said Friday that…
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Study claims 99.5% of crypto investors did not pay taxes in 2022

April 7, 2023

Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study. 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…
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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

April 3, 2023

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for…
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Indonesia Targets Mid-2023 for its State-Backed Crypto Exchange

February 26, 2023

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. In a recent interview, Didid Noordiatmoko, head of Bappebti, said that the new exchange will be established by mid-2023, Bloomberg reported. He added that the exchange will be run by…
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3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery

February 8, 2023

According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators…
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Indonesia to Launch Crypto Exchange This Year as Regulatory Powers Shift to Financial Services Authority

January 5, 2023

Indonesia plans to launch a crypto exchange in 2023 amid a financial sector reform that will see a shift in regulatory powers over digital assets to the Financial Services Authority. Didid Noordiatmoko, head of the Commodity Futures Trading Regulatory Agency of Indonesia (Bappebti), said the government will set up an exchange before the Financial Services…
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Today in Crypto: Indonesia to Launch Crypto Exchange, India’s Exchanges Lost 81% of Trading Volume, UK’s National Crime Agency Forming a ‘Crypto Cell’

January 4, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Indonesia to Launch Crypto Exchange, India’s Exchanges Lost 81% of Trading Volume, UK’s National Crime Agency Forming a ‘Crypto Cell’ Read more »Sign up for e-EUR – the…
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Regulator Halts Trading of FTX Tokens in Indonesia

November 17, 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. Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token…
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Category: Indonesia