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Blockchain

Malaysia International Blockchain Connected 2022, Invited Dr Jerry Sambuaga as Speaker

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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”.

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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.

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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

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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