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“# Indonesia’s Crypto Industry in 2021: A Kaleidoscope ” In 2021, the number of global crypto holders has been estimated to have increased by 3.9% to more than 300 million crypto users worldwide, with more than 18,000 businesses already accepting cryptocurrencies as payment. India is currently in the lead with 100 million users, followed by…
“# Vibe killers: Here are the countries that moved to outlaw crypto in the past year ” Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the Central Bank of…
“# 22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea ” An Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold nearly 1,000 selfie images…
“#Malaysian authorities recover five more bodies after boat capsizes” Malaysian authorities recovered on Thursday the bodies of five more people who had been missing since their boat capsized off the country’s south a day earlier, officials said, bringing the death toll from the accident to 16. The dead included 10 men and six women, the…
“# Binance partners with Indonesian telco to develop new crypto exchange ” Major cryptocurrency exchange Binance has partnered with MDI Ventures, PT Telkom Indonesia’s venture capital arm, to establish a crypto exchange platform. According to a joint announcement on Dec. 15, the agreement will also seek to broaden blockchain adoption throughout Indonesia, which is home…
“# Binance reportedly in talks to launch crypto exchange in Indonesia ” Binance, the world’s largest crypto exchange by trading volume, is reportedly in talks with Indonesia’s richest family, the Hartonos, to open a crypto exchange. As per a report published in Bloomberg, Binance Holdings Ltd. is looking to finalize a crypto venture with billionaire…
“# CBDC is a tool to combat Bitcoin, says Bank of Indonesia exec ” Central bank digital currencies (CBDC), digital versions of national currencies introduced in response to growing cryptocurrency adoption, would be an essential tool for combating crypto, according to the Bank of Indonesia. The central bank of Indonesia is considering launching a digital…
“# Indonesia’s national Islamic council reportedly declares Bitcoin haram ” The National Ulema Council (MUI), Indonesia’s top Islamic scholarly body, has reportedly found cryptocurrencies like Bitcoin (BTC) to be haram, or forbidden, by the tenets of Islam. Asrorun Niam Sholeh, chairman of MUI’s Fatwa Commission, confirmed the religious authority’s rejection of cryptocurrencies due to alleged…
“#Indonesian library creates literacy from litter” PURBALINGGA, Indonesia — A librarian in Indonesia’s Java island is lending books to children in exchange for trash they collect in a novel way to clean up the environment and get the kids to read more. Each weekday Raden Roro Hendarti rides her three wheeler with books stacked up…
“# Major Indonesian Islamic organization declares crypto ‘haram’ — or forbidden ” The East Java branch of one of Indonesia’s largest Islamic organisations Nahdlatul Ulama (NU) has issued a Fatwa deeming the use of cryptocurrency ‘haram’, or forbidden, under Islamic law. A Fatwa is a nonbinding legal opinion on Islamic law, which is reached through…