Indonesia will officially ban Bitcoin and other cryptocurrencies 321

Indonesia will officially ban Bitcoin and other cryptocurrencies

The biggest state of South East Asia is working on a draft law that prohibits the use of any cryptocurrencies.

“It is necessary to reserve the common rules of the game in favour of official financial institutions. We demand that all financial technology activists that enter our financial system must register in Bank Indonesia and report on their activities. They should also conduct trials in the regulatory sandbox”, — said Central Bank chief Agus Martowardojo.

New law will prohibit any cooperation between payment system operators and “parties, that facilitate digital currency transactions”. The banker is sure that this decision will protect the national currency — Indonesian rupiah (IDR).

Local newspapers report that all transactions with prohibited currencies will be considered illegal, both for private and legal persons.
In the end of October Bank Indonesia announced that it does not consider bitcoin to be a statutory mean of payment.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

%d bloggers like this: