Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. cryptocurrency bitcoin
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 residing in the country.Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges, officials from the country’s Minister of Trade and the Commodity Futures Trading Regulatory Agency said Tuesday at a parliamentary hearing in Jakarta.
One of the new rules requires two-thirds of directors of crypto exchanges to be Indonesian citizens residing in the country. Didid Noordiatmoko, acting head of Bappebti, told parliament:The new measure followed the financial trouble faced by Southeast Asia-focused crypto exchangeCrypto exchanges will also be required to use a third party to store client funds. They will additionally be prohibited from re-investing stored crypto assets.
Crypto transactions in Indonesia increased 1,224% to 859.4 trillion rupiahs in 2021 from 64.9 trillion rupiahs in 2020, according to Bappebti. In the first six months of this year, there were 15.1 million crypto users in Indonesia, transacting cryptocurrencies worth 212 trillion rupiahs.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon – Mining Bitcoin NewsThe central bank and the finance ministry in Moscow have aligned their positions on the regulation of cryptocurrency mining in Russia.
Weiterlesen »
India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report – Regulation Bitcoin NewsThe Indian government is planning to finalize its stance on the legality of crypto in Q1 2023 in order to become FATF compliant. cryptocurrency bitcoin
Weiterlesen »
Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round – Africa Bitcoin NewsThe exchange platform’s latest funding round was led by Polychain Capital with the participation of Valar Ventures and Third Prime Ventures, among others. cryptocurrency fundinground
Weiterlesen »
Binance Receives License to Offer More Crypto Services in Dubai – Exchanges Bitcoin NewsBinance says it welcomes regulations that 'are globally consistent, enable responsible innovation, protect users, and give them choice.' crypto cryptocurrency Dubai bitcoin
Weiterlesen »
Crypto Exchange Kraken Backs Enterprise-Grade Liquid Staking Protocol – Bitcoin NewsAlluvial detailed that the protocol will be known as the “Liquid Collective” and the crypto exchange Kraken has joined as a foundation member.
Weiterlesen »