Bitcoin indonesia bi
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PPATK, which is directly accountable to the President of the Republic of Indonesia, is independent and free from any interference or influence of power.
In terms of crypto-asset trading, PPATK will oversee transactions and ensure no money laundering or terrorism financing is conducted using crypto-assets. As a central bank, the sole objective of the BI is to achieve and maintain the stability of the rupiah.
Bitcoin price growth and Indonesia's monetary system
Bank Indonesia has so far actively studied blockchain technology and how to maximize its application in supporting the financial industry, including payment and loans. These three government agencies are actively communicating with all blockchain players in Indonesia, including crypto-asset exchanges such as Tokocrypto and local blockchain projects.
As a form of positive collaboration, existing regulators have expressed their support and will be participating in the upcoming INBLOCKS Conference , Jakarta, from November , and Indonesia Blockchain Week , from November , to share their insights and directions towards the development of the Indonesia Blockchain space.
Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology. We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research.
Indonesia bans fintech firms in payments from using cryptocurrencies
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Related Article. Bitcoin brokers in Indonesia have become displeased with regulators following new capital requirements that were introduced last October. However, the news is quite positive for Indonesian residents, as they are now able to obtain Bitcoin and other popular cryptocurrencies.
All they need to do is find trusted exchanges in order to further diversify their investment portfolio. Source: Coin Telegraph.
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