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“# Coinbase leads $6M funding for Indonesian crypto exchange ” Pintu, an Indonesia-based cryptocurrency exchange focusing on first-time crypto users, has raised $6 million to support its mission to drive industry adoption. The company announced Tuesday that it has completed a Series A funding round led by major global crypto investors including Pantera Capital, Coinbase…
“# Bank of Indonesia joins central bank digital currency race ” The Bank of Indonesia is one of the latest global central banks to announce state digital currency plans amid a major spike in the country’s digital payments. Governor Perry Warjiyo said Tuesday that Indonesia’s central bank is planning to launch a digital rupiah currency…
“#Indonesian LGBT+ magazines find a second life online” JAKARTA, May 19 – Two men embracing on a magazine cover was more than risqué for Indonesia, thought LGBT+ researcher Ais, when he first discovered a trove of retro LGBT+ zines in Bali last year. “Suddenly it felt like I was a part of something bigger than…
“#Bali is sick of badly behaved influencers amid COVID” The tourist mecca of Bali wants influencers and tourists to keep coming — but is sick of their bad behavior. While many countries sent travelers home during the pandemic, Indonesia allowed them to stay… and many of them have behaved madly. In April a Russian porn…
“# Indonesia considers capital gains tax on cryptocurrency trades ” Neilmaldrin Noor, a spokesperson for the Indonesian Directorate General of Taxes, said that the authority is considering a tax scheme for capital gains generated from cryptocurrency trades, Reuters reported on Tuesday. “It is important to know that if there is a profit or capital gain generated from…
“#Chuck Schumer can’t stop woke progressives from chucking out SEC pick” Chuck Schumer apparently isn’t progressive enough for today’s Democratic Party. Further proof can be found in the strange, fleeting tenure of Alex Oh as head of the Securities and Exchange Commission’s enforcement division. It’s yet another example of how Democrats like Sen. Schumer who…
“# Indonesian regulators consider tax on cryptocurrency transactions ” Indonesia’s Commodity Futures Trade Regulatory Agency (known as Bappebti) is considering levying a tax on all cryptocurrency transactions taking place on regulated exchanges within the country. Currently, 13 cryptocurrency exchanges fall under Bappebti’s regulatory oversight, and the tax would be automatically applied by these platforms should…
“# New ASEAN blockchain consortium targets cross-border cooperation ” Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports….
“# Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia ” Kinesis, a gold-backed monetary system based in the Cayman Islands, has launched a Sharia-compliant version of its product in Indonesia, setting the stage for wider acceptance of its blockchain solution in the world’s largest Muslim-population country. The product, PosGO Syariah, is described as the first…
“#Once called crazy, Indonesian eco-warrior turns arid hills green” WONOGIRI, Indonesia – Once considered crazy by fellow villagers, Indonesian eco-warrior Sadiman has turned barren hills green after 24 years of effort, making water resources available in the drought-prone mountainous region where he lives. Affectionately addressed as ‘mbah’ or ‘grandpa’, the 69-year-old has worked relentlessly to…