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Tag: Indonesia

Blossom Finance Launches a ‘Halal’ Cryptocurrency Microfinance Fund

Category: Altcoins, Bitcoin, Finance, News

Blossom Finance Launches a ‘Halal’ Cryptocurrency Microfinance Fund

Blossom Finance, the Indonesian consultancy which recently declared cryptocurrencies as ‘halal,’ has partnered with a local VC to launch a service targeted at Islamic investors. The fund would raise money in BTC, ETH, and BCH, and invest in socially-engaged businesses in the province of Central Java. The ‘Halal’ Venture Fund Blossom’s new venture, launched in a partnership with PBMT Ventura,…

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Blockchain INDO Conference: How Blockchain will Change Indonesia’s Digital Economy

Category: Press Releases

Blockchain INDO Conference: How Blockchain will Change Indonesia’s Digital Economy

  The volume of Indonesia’s digital economy will reach about $130 billion by 2020, which will make this country one of the leaders in digital development among the countries of South-East Asia. This was stated by the authorities of the country just last week. New technologies, blockchain, and transformation of the IT-sector will play an important role in this process….

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Cryptocurrency Exchange Coinone Goes Global with Indonesia Launch

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News

Cryptocurrency Exchange Coinone Goes Global with Indonesia Launch

Coinone have announced that they will be opening up cryptocurrency trading in Indonesia, making them the first South Korean exchange to offer services outside the country. According to the press release, the Indonesian branch opened for pre-registration on April 16 and will launch officially in June. It will initially support only six currencies; bitcoin (BTC), bitcoin cash (BCH), ether (ETH),…

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Indonesia’s Central Bank Repeats Cryptocurrency Warning, Forbids Crypto Transactions

Category: Bitcoin, Commentary, News, Regulation

Indonesia’s Central Bank Repeats Cryptocurrency Warning, Forbids Crypto Transactions

The Central Bank of Indonesia has released a press statement restating its firm rejection of all cryptocurrency-based transactions in the country, citing potential dangers to both individuals and the economy as a whole. Managing Risk and Regulation in the Region The Indonesian Government itself had never expressly forbidden cryptocurrencies within the country, instead merely issued several warnings to citizens of…

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Indonesia Tightens Fintech Regulations, Bitcoin Adoption On the Rise

Category: Bitcoin, Business, Commentary, News, Regulation

Indonesia Tightens Fintech Regulations, Bitcoin Adoption On the Rise

Indonesia’s Financial Services Authority called Otoritas Jasa Keuangan (OJK) passed an important regulation, requiring fintech startups to maintain at least $185,000 in capital to obtain a business license from the government’s agency. The new regulation comes amidst a wave of bitcoin adoption in the country. Basic Capital Requirement Enacted on Startups The newly passed regulation is an essential part of…

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Indonesia’s KinerjaPay Adds Bitcoin Payment Option to E-Commerce Platform

Category: News, Tech

Indonesia’s KinerjaPay Adds Bitcoin Payment Option to E-Commerce Platform

KinerjaPay has become the first prominent e-commerce portal in Indonesia to let customers purchase goods using bitcoin. Launched today, the new payment method results from a partnership with Bitcoin Indonesia, the country’s leading bitcoin exchange platform. The collaboration with Bitcoin Indonesia is part of KinerjaPay’s plans to tap into the digital currency area as the company intends to “establish relationships…

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