Under “Project Garuda” Indonesia is pushing further its plans for central bank digital currency (CBDC) – Digital Rupiah -starting with transactions among local banks. Last week, the central bank of In...
Tag: Indonesia
Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov
Bank of Indonesia Governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec...
Indonesia Wants to Counter ‘Shadow Central Banking’ With CBDC
In Indonesia, the central bank has formally laid out plans for a central bank digital currency (CBDC), pitched to combat what it calls rising “cryptoization” of the country’s digital economy. Bank Ind...
Indonesia Central Bank All-Set to Launch Digital Rupiah
34 mins ago | 2 mins read Bitcoin News Indonesia’s Central Bank on Wednesday revealed a planned white paper for a digital rupiah currency that will utilize blockchain technology as the country experie...
Death Toll Jumps To 268 As Many Remain Missing
Topline The death toll from Monday’s earthquake in Indonesia rose to 268 as several more bodies, including many belonging to school children, were recovered from collapsed buildings on Tuesday, local ...
Nickel Products Supplier To EV Industry Poised To Become China’s Newest Billionaire
Nickel ore trader Lygend aims to list its shares at the Hong Kong Stock Exchange on Dec. 1. … [+] Photographer: Paul Yeung/Bloomberg © 2022 Bloomberg Finance LP Lygend Resources & Technology...
Regulator Halts Trading of FTX Tokens in Indonesia – Exchanges Bitcoin News
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 bankrup...
FTX Fiasco Pushes Indonesia To Tighten Crypto Rules
The FTX catastrophe has been disrupting the whole cryptocurrency industry and triggered new legislative processes in many countries like Indonesia. According to many experts, it could just be the begi...
Indonesia Proposes New Crypto Regulator Amid Market Volatility
Bitcoin News The amendment was recommended by Finance Minister Sri Mulyani Indrawati. The minister brought up the recent volatility in the cryptocurrency market at the meeting. It has been announced b...
Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight – Regulation Bitcoin News
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 re...
Indonesia Plans to Tighten Crypto Regulation Following FTX’s Insolvency
Indonesia plans to give its Financial Services Authority (OJK) the power to regulate cryptocurrency investments and market oversight. The country’s Trade Ministry currently polices the digital asset...
Indonesia Plans to Strengthen Security for Crypto Investments
Indonesia plans to improve security for cryptocurrency investments in the country. The Financial Service Authority (OJK) of Indonesia will oversee the regulation, supervision and oversight of crypto i...
Ukraine, Indonesia, and Russia Led Crypto Adoption in Q3: DappRadar
Crypto adoption is shooting through the roof despite the bear market and uncertainty surrounding asset prices, according to recent findings from the leading decentralized application (dApp) analytics ...
Olive Branches Pave The Way For Biden-Xi Indonesia Meeting
China Last Night KraneShares Key News Asian equities were largely higher though Japan, China, and Hong Kong were off. Both Hong Kong and China opened strong but came off the morning highs across the t...
With $900 Million In Funding, Hong Kong Fintech Unicorn WeLab Bets Big On Indonesia
As more startups explore Indonesia’s fintech potential, WeLab’s cofounder and CEO Simon Loong believes digital banking can be a win-win game. There are good “a-ha” moments and there are bad ones, acco...
Indonesia’s Blibli To Raise $528 Million Through IPO At $3.5 Billion Valuation
Martin Hartono, chief executive officer of GDP Venture, speaks during a panel at the Forbes Global … [+] CEO Summit in Singapore on September 27, 2022. Edwin Koo/Bloomberg Global Digital Niaga, ...
FinAccel Becomes Singapore’s Newest Unicorn After Canceling SPAC Merger, U.S. IPO Plans
Akshay Garg, cofounder and CEO of FinAccel. Courtesy of FinAccel Singapore-based FinAccel—the parent of Indonesia’s buy now, pay later (BNPL) platform Kredivo—has become the city-state’s newest unicor...
Billionaire Anthoni Salim To Inject $1.6 Billion To Coal Miner Bumi Resources Through Private Placement
Anthoni Salim speaks during a news conference in Tokyo, Japan Yuriko Nakao/Bloomberg Shareholders of Indonesian coal miner Bumi Resources approved a plan on Tuesday to raise up to $1.6 billion by issu...
More flights in Asia may cause airfares to fall, but it may take time
Many flights that were canceled during the pandemic are returning to the skies this month. Last week, Singapore Airlines and Scoot announced they’re adding dozens of flights to cities across Asi...
Sorghum’s Revival Goes Against The Grain
The world appears to be waking up to the potential of an ancient grain by the name of sorghum. Originally from the African continent, this gluten free grain, also known as guinea corn, jwari, jowar, k...
Grab Says Growth Will Slow As It Aims To Break Even By Second Half 2024
Anthony Tan, cofounder of Grab, at the company’s office in Singapore in June 2021. WEI LENG TAY/BLOOMBERG Grab Holdings said it’s aiming to breakeven by the second half of 2024 on an adjusted ea...
SerMorpheus to Make NFTs Popular in Indonesia – crypto.news
Despite having huge potential for web3, Indonesia is lagging in terms of Web3 creativity. However, SerMorpheus is working to ensure that NFT adoption becomes mainstream in Indonesia by launching a pla...
Indonesia Implements New Crypto Exchange Regulations
The Indonesian government has decided to take measures for the regulation of digital asset exchanges. The country’s administration stated that to protect consumer rights in virtual assets, proper regu...
Indonesia to Tighten Crypto Regulation With Stricter Rules for Exchanges – Regulation Bitcoin News
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under revised regulatory framework, two-thirds of crypto exchange directors must be Indonesian citizens residin...
Indonesia to Update Govt Rules for Crypto, Implement More local Control
Indonesia could see new rules for crypto asset exchanges. The South Asian country’s trade ministry is planning to issue new rules to govern crypto exchanges that will require two-thirds of the b...
Indonesia Wants Crypto Exchanges to Stop Reinvesting User Funds
Indonesia’s trade ministry wants two-thirds of crypto exchange board members and directors to be citizens residing within the country Client funds will also need to be custodied by a third party while...
Impact on Philippines, Indonesia, Thailand: Nomura
Rice production in India has fallen by 5.6% year on year as of September in light of below-average monsoon rainfall, which has affected harvest, Nomura said. Rebecca Conway | Getty Images News | Getty...
Best hotels for business travelers in Asia-Pacific
Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data...
Indonesia set to launch its crypto bourse 1
Indonesia has announced that it will float its crypto bourse, which is scheduled to be launched at the end of the year. According to the statement from the official sources, the country wants everythi...
Indonesia To Launch Crypto Stock Exchange By End 2022
The government of Indonesia plans to establish a crypto stock exchange by the end of this year, according to news reports from DealStreetAsia. The Indonesian government sees the exchange as a way of p...
Indonesia to Launch Crypto Stock Exchange before End of This Year
As many as 25 local companies that handle cryptos will be initially listed at Indonesia crypto stock exchange. All of them have obtained a license from the country’s top financial regulatory body, the...