Bali, one of the most popular tourist destinations in Indonesia, has issued a stern warning to visitors who use crypto for payments on the island. Wayan Koster, the governor of Bali, said that the rupiah is the only legal tender…
Search Results For: indonesia
Fiat-backed and Regulatory-Compliant Stablecoin to be Built on the Cardano Network.
Emurgo, the official commercial arm of Cardano, is set to release USDA, a fiat-backed and regulatory-compliant stablecoin by the first quarter of 2023. The USDA stablecoin is intended to protect users from crypto market volatility by pegging the token to…
Vietnam & Philippines, Emerging Economies Lead Crypto Adoption – Chainalysis
According to The 2022 Geography of Cryptocurrency Report, a study done by Chainalysis, emerging economies are leading in crypto adoption. Ten of the top twenty countries are classified as lower middle income and eight are upper middle income. The study…
Malaysia’s SC Shariah Advisory Council Cosigns Crypto
Malaysian religious scholars are now bullish on crypto investing just three months after a ruling that saw digital assets become permissible under Islamic law. Malaysia’s knowledge gap challenges The chairman of the Malaysian Securities Commission (SC) Shariah Advisory Council, Dr.…
Top reasons why Facebook’s Libra is Facing strong opposition
The unveiling of Facebook’s Libra currency has led to a lot of chatter among crypto enthusiasts, some of whom have vehemently refused to support it. Facebook has said that the crypto will enable users to make faster and cheaper international…
6 banks plan to issue their own digital tokens on Stellar blockchain backed by fiat currency
Six international banks have laid out plans to issue their own stable coins, or digital tokens backed by Fiat currency, on IBM’s Stellar-powered money wiring service. This was reported by both IBM and stellar. IBM’s Stellar powered money wiring service…
Coinbase Expands its Reach to 11 New Countries
Coinbase, a leading crypto-currency exchange platform, has made the announcement that it will be expanding its crypto to crypto trading services to 11 more countries through a statement from its official blog. Today we welcome customers from 11 countries in…
SBI announces that 13 Top Banks are about to join the Ripple Ecosystem
SBI holdings- an entity that solidly backs ripple- just announced a new app known as moneyTap. This app will be focusing on cashless payments for small transfers. The SBI group is sometimes referred to as strategic business innovator group, and…
World Bank President now Believes that The Blockchain has “huge potential”
The president of the world bank group Jim Yong Kim has expressed his view that blockchain technology has “huge potential” and that the bank should keep pace with innovative technologies. Kim’s remarks came at the international monetary fund (IMF) and…
IBM and Plastic Banks are Using the Blockchain for Recycling Work in Haiti
The blockchain is at it again, this time helping to clean up the oceans which is thanks to the efforts of plastic bank. Plastic bank is a non-profit that pays people in developing countries for handing over recyclable plastic using…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
