Blockchain
Malaysia International Blockchain Connected 2022, Invited Dr Jerry Sambuaga as Speaker
Kuala Lumpur, Malaysia–(Newsfile Corp. – June 26, 2022) – Deputy Minister of Trade DR. Jerry Sambuaga visited Malaysia, being invited as speaker at a seminar on the development of the Asian blockchain community. The event lasted for 2 days from June 24th to June 25th, in which the Vice Minister of Trade had the opportunity to be the main speaker on June 24. On this occasion the Vice Minister of Trade explained the progress and direction of crypto trading which is growing rapidly in Indonesia.
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Jerry emphasized “Crypto trading is regulated by the CoFTRA (Bappebti) under the Ministry of Trade because crypto in Indonesia is categorized as a commodity and not as currency, Rupiah is the only medium of exchange or currency that is legal tender in Indonesia according to Indonesian law”.
At the seminar which was held both physically and online (hybrid) with participants from Indonesia, Malaysia, Singapore, New Zealand, Canada, India, Vietnam, UAE, Venezuela, USA and Europe, DR Jerry also invited Indonesian crypto players to continue to innovate and educate the public so they can use crypto as an investment instrument. To crypto players outside Indonesia, the Vice Minister of Trade invites them to invest and enter as players in the crypto industry in Indonesia.
Jerry further said that Indonesia is a potential future market with a demographic bonus that supports the development of the crypto industry. Indonesia will also have a crypto exchange that aims to protect crypto players from the side of crypto consumers, traders and coin or token developers. This concept is important because only by providing certainty and protection for all can the crypto industry progress. “We cannot hold progress in technology, but we can choose what is good and what is not by providing sufficient education and clear protection for all industry stakeholders.”
The crypto industry in Indonesia is growing very fast with an increase in total transactions recorded per 31 dec 2021 reaching a total of 859 trillion rupiah (USD 58 Billion) and the number of investors recorded reached 12.5 million users. This was conveyed by the Vice Minister of Trade in a panel discussion with Mr. David Rhoades, Global Marketing Lead of the Monetary Authority of Singapore (MAS) Mr Harpreet, Malaysian Blockchain Association.
At the end, the Vice Minister of Trade also answered several questions from participants regarding the enthusiasm of the actors regarding investment opportunities and the direction of crypto development in Indonesia.
The event ended with a photo session with crypto players and the hope that the crypto industry in Asia, especially Indonesia, Malaysia, and Singapore could share a common vision for future developments.
Contact details:
Andy Anderson
Asean Conferences
Email: [email protected]
Phone:+6010 2733 882 (WhatsApp)
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129050
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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