The Indonesian government is evaluating the potential of Bitcoin (BTC) as a reserve asset in a move that could reshape its long-term economic strategy. According to Bitcoin Indonesia, the group recently met with senior officials from Vice President Gibran Rakabuming Raka’s office to present a proposal positioning Bitcoin as a ...
Pencil Finance, a decentralized finance (DeFi) lender, has deployed $1 million to provide crypto-backed student loans in the Philippines and Indonesia, aiming to address the growing demand for accessible education financing in Southeast Asia. This initiative leverages blockchain technology to offer loans to students who traditionally face challenges accessing credit ...
Indonesia’s Ministry of Communication and Digital (Komdigi) has temporarily revoked the registration certificate of World Network, formerly known as Worldcoin, along with its WorldID services, following a surge of public complaints over allegedly suspicious activities linked to the platforms. As part of its precautionary response, Komdigi announced plans to summon ...
Indonesian crypto exchange TRIV has launched a new feature allowing traders to engage in crypto futures trading. This feature, called TRIV Crypto Futures, provides traders with access to perpetual contracts on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Users can leverage their positions up to 25 times, ...
Authorities in Central Jakarta have arrested 20 suspects linked to an elaborate crypto romance scam that preyed on middle-class professionals across Southeast Asia. According to a local report, the syndicate, which primarily targeted women from the Philippines, Vietnam, and Thailand, operated through dating apps before luring victims into fraudulent ...
The Indonesian government is yet to finalize the transfer of crypto asset oversight from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK), as required by the Financial Sector Law, as reported by the Jakarta Globe on Thursday, January 2, 2025. The transition ...
Indonesia's leading crypto exchange, PINTU, has introduced Pintu Pro Futures, a new feature that enables users to trade cryptocurrency derivatives legally and securely. The feature offers access to perpetual futures contracts, which are derivatives without expiration dates, for popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), ...
Indonesia's cryptocurrency market has experienced extraordinary growth in 2024, with transaction volumes reaching $30 billion by October, a 352% increase compared to $6.5 billion in the same period last year. A November 28 report from local news outlet Investor ID quoting data released by the country's financial regulator, the Commodity ...
Indodax, a crypto exchange formerly known as Bitcoin Indonesia, reportedly experienced an attack within the last twelve hours. An unidentified party withdrew tens of millions of dollars worth of crypto assets from the platform. On September 11, blockchain analytics firm SlowMist raised alarms in a post on X, reporting that ...
Binance-backed Indonesian crypto exchange Tokocrypto (TKO) has obtained a physical crypto asset trader (PFAK) license from the Indonesian regulator Commodity Futures Trading Regulatory Agency (also known as Bappebti). In a September 9, 2024 announcement, Binance revealed that the local exchange initially registered as a potential physical crypto asset trader (CPFAK) ...
