Indonesia: $70 Million Capital Requirement for Bitcoin Futures Sparks Anger
New capital regulations mean it is cheaper to open a rural bank than launch Bitcoin futures trading in Indonesia, a local source reports Go to Source Powered by WPeMatico
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Indonesia’s Futures Regulator Issues New Rules for Crypto Assets
Indonesia’s Futures Exchange Supervisory Board (Bappebti) has announced new regulations on the implementation of physical markets for crypto assets in futures trading. The rules focus on good governance for cryptocurrency tradèrs, legal certainty and consumer protection. They will also require the regulator to establish a physical market for futures trading in virtual currencies. Also read: Crypto … Read more
Japanese Trading Giant Itochu to Develop Blockchain Traceability System in PoC
One of the five largest trading companies in Japan will use blockchain tech in a PoC for tracing materials through a smartphone app Go to Source Powered by WPeMatico
European and South American Localbitcoins Markets Show Strength
In recent peer-to-peer (P2P) market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month. In other news, P2P trade between the euro (EUR) and BTC has posted its strongest volume in 10 months. Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay European P2P Trade Posts Strongest Activity … Read more
AI Devs Behind Robot Sophia Partner with Blockchain Agricultural Data Firm
The AI company behind Sophia the robot has partnered with a decentralized agricultural data firm Go to Source Powered by WPeMatico
Indonesian Unicorn Go-Jek Acquires Majority Stake in Filipino Crypto Wallet
Indonesian unicorn Go-Jek has announced a partnership between the company’s payments platform, Go-Pay, and Filipino cryptocurrency wallet Coins.ph. Local media has reported that the deal will see Coins.ph continue to run as usual, despite Go-Jek now owning a majority stake in the company. Also Read: Executives of Korean Exchange Sentenced to Jail for Faking Volumes Go-Jek … Read more
Abu Dhabi Bank Reports ‘First’ Blockchain-based Transaction of ‘Sharia-Compliant Bonds’
Al Hilal Bank, based in Abu Dhabi, has used blockchain tech for the “world’s first” sukuk (sharia compliant bonds) transaction based on DLT Go to Source Powered by WPeMatico
US Cleaning Supplies Firm To Open Blockchain Rewards-Based Recycling Centers in Indonesia
U.S. cleaning supplies manufacturer SC Johnson partners with Plastic Bank to open blockchain-powered recycling centers all over Indonesia Go to Source Powered by WPeMatico
Cobo Raises $13M in Series A Funding Round
Chinese startup Cobo raised $13 million this week in a Series A financing round led by DHVC and Wu Capital. The Beijing-based company — established by Bihang wallet developer Changhao Jiang and Shixing “Discus Fish” Mao, the co-founder of F2Pool — said it will use the funds to support the international expansion of its two … Read more
World Bank President: Distributed Ledger Technology Has ‘Huge Potential’
World Bank Group President Jim Yong Kim has stated that blockchain technology has “huge potential” that can help the organization “leapfrog generations of bad practice” Go to Source Powered by WPeMatico