Deputy Trade Minister Jerry Sambuaga explained that the government continues to encourage the development of the digital economy in Indonesia. One of them is through the development of a national crypto asset ecosystem, and later the regulation and supervision will be handed over to the Financial Services Authority (OJK). This was conveyed by the Deputy […]
South Korean police are stepping up their crackdown on crypto-powered drug trafficking, and have made 312 arrests in a wide-sweeping narcotics bust. The broadcaster KBS reported that the arrests were carried out by the Seoul Metropolitan Police Agency’s Drug Crime Investigation. The suspects were charged with violating the Narcotics Control Act. Police said the suspects were thought to have bought […]
Canadian crypto custodian Prime Trust filed for bankruptcy under Chapter 11 of the United States Bankruptcy Act. Prime Trust filed for bankruptcy because it has greater liabilities or debts than the value of its assets. “The company intends to file a number of motions with the bankruptcy court designed to facilitate the company’s orderly evaluation […]
Apple Pay, with its expansive user base of approximately 507 million worldwide, has increasingly gained traction as a preferred method for acquiring crypto on self-custody wallets like MetaMask. Traditionally, utilizing Apple Pay on other platforms required users to navigate multiple steps and redirects to third-party platforms. Banxa, however, brings a game-changing development by making Apple Pay’s […]
Former President of the United States Donald Trump is known to have pocketed USD 250,000 to 500,000 or around Rp. 3.8-7.6 billion in assets in a cryptocurrency wallet, according to financial disclosures released last month. The assets, listed in what Donald Trump’s disclosure calls a “crypto-currency (Ethereum) wallet”. This asset appears to be related to […]
Japan will implement stricter anti-money laundering measures, including those recommended by the Financial Action Task Force (FATF). The decision was made by Japan’s cabinet on June 23, 2023 after the country’s anti-money laundering measures were deemed insufficient by global financial crime watchdog FATF. Reporting from CoinDesk, Friday (11/8/2023), in 2019, the FATF recommended rules called […]
The Indonesian Supreme Court officially inaugurated Hasan Fawzi and Agusman as the Board of Commissioners (DK) of the Financial Services Authority (OJK) for the 2023-2028 period on Wednesday, 9 August 2023. Hasan officially filled the position of Chief Executive Supervisor in the realm of technological innovation in the financial sector, digital financial assets and crypto […]
On-chain data analysis reveals that two key indicators within the Bitcoin market are currently revisiting levels that have historically held significance in influencing its trajectory. Bitcoin Net Unrealized Profit/Loss (NUPL) Indicators Show Neutral Stance for Short-Term & Mid-Term Holders Highlighted in a recent post by a CryptoQuant analyst, the BTC NUPL indicators are undergoing a […]
Elon Musk has stated emphatically that he and platform X, formerly known as Twitter, will not launch crypto tokens. Musk’s comments are part of a reply to a tweet by user X with the account @DogeDesigner, who warns that Elon Musk and 𝕏 have never launched a crypto token. Musk replied to the tweet by […]
India, the current president of the Group of Twenty (G20), has released its presidential note on crypto in a bid to incorporate its advice into the global crypto regulatory framework. The note is considered significant as it is an official document voicing India’s recommendations before the next iteration of drafting global crypto rules a synthesis […]