Indonesia banned financial firms from supporting cryptocurrencies
The warning followed similar actions by the central banks of Thailand and Singapore
25.01.2022 - 12:15
392
1 min
0
What’s new? Indonesia’s Financial Services Authority (OJK) has warned that financial companies are prohibited from offering and facilitating sales of cryptocurrencies. This is stated in the regulator’s statement posted on Instagram.
What does Indonesia’s Financial Services Authority say? The regulator warned that crypto assets are highly volatile and that people buying them should fully understand the risks.
. Cryptocurrency trading in Indonesia is booming, with the total volume of transactions reaching 859 trillion Indonesian rupiah (IDR) in 2021, up from 60 trillion IDR in 2020. In Indonesia, crypto assets are allowed to be sold on a commodity exchange, and trading is controlled by the Ministry of Trade and the Commodity Futures Trading Regulatory Agency, not by the OJK.
What is the situation with exchanges in the country? Binance is in talks with Indonesian billionaire brothers Budi and Michael Hartonos. If the parties strike a deal, it will be Binance’s second cryptocurrency venture in Indonesia.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$89 652
BTC
-1.34%
-
Ethereum
$3 077.11
ETH
-2.43%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.04
XRP
-10.64%
-
Dogecoin
$0.360826
DOGE
-2.25%
-
Cardano
$0.712967
ADA
-5.77%
-
Bitcoin Cash
$432.9
BCH
-9.1%
-
Polkadot
$5.41
DOT
-4.63%
-
Litecoin
$86.39
LTC
-10.02%
-
Stellar XLM
$0.191744
XLM
-5.61%