Indonesian

Regulator Halts Trading of FTX Tokens in Indonesia

November 17, 2022 Bitcoin.com

Bankruptcy

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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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight

November 11, 2022 Bitcoin.com

bill

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. Indonesia Mulls Over New Financial Legislation Designed to Tighten […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments

July 23, 2022 Bitcoin.com

Bank Indonesia

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 End Indonesia’s monetary authority is […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets

May 27, 2022 Bitcoin.com

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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 episode of the News Podcast we […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading

January 26, 2022 Bitcoin.com

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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 Crypto Warning Indonesia’s Financial Services Authority (OJK), the Jakarta-based government agency which regulates the financial services sector, warned […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto

December 2, 2021 Bitcoin.com

Bank Indonesia

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 an assistant governor of the central bank. Central Bank Sees […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

October 28, 2021 Bitcoin.com

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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 of using digital coins. Cryptocurrency Deemed ‘Haram’ in Indonesia The local branch of the […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars

September 25, 2021 Bitcoin.com

activities

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 a serious increase in turnover this year. Indonesia to Tighten Regulations […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote