Blockchain
The Association Gives a Warm Welcome to the Inauguration of Exchange, Clearing, and Crypto Asset Storage Services by Bappebti
The Association congratulates the Commodity Futures Trading Supervisory Agency (Bappebti/CoFTRA) for establishing the Exchange, Clearing, and Depository Manager of crypto assets in Indonesia. It welcomes progressive steps from CoFTRA in accommodating developments of crypto asset technology in Indonesia. The inauguration of the crypto asset Exchange, Clearing, and Depository is evidence of the government’s commitment to creating a conducive environment for developing the crypto asset industry.
Teguh Kurniawan Harmanda, as Chairman of the Asosiasi Pedagang Aset Kripto Indonesia (ASPAKRINDO), said the establishment and conferment of this permit was the opening gate for carrying out transactions by the mandate of CoFTRA Regulations and for registered Crypto Exchange, of course, would be an essential momentum to obtain the status of fully licensed Crypto Exchange. Manda also said business actors want reasonable, safe, reliable exchanges, clearing, and depositories. “As an example, namely the Depository, which has standard practices that have existed so far.”
The inauguration of the Exchange, Clearing, and Depository Manager of crypto assets by CoFTRA is a positive step for CoFTRA. “We feel we can accelerate the growth of the domestic crypto asset industry in the future through monitoring and developing products and services in crypto asset transactions,” said Asih Karnengsih, Chairwoman of the Asosiasi Blockchain Indonesia (A-B-I).
Asih added, “It is important for Exchanges, Clearing Houses, and Depository to consider imposing membership and transaction fees that can maintain the competitiveness of local business actors.”
With the burden of tax fees that must be paid by Crypto Exchange (Corporate Income Tax) and taxes imposed on customers (VAT & Income Tax), it is hoped that the imposition of membership and crypto asset transactions fees at the following organ will not become an additional burden for Crypto Exchange or adding other costs, to customers, which can encourage a shift in interest in using foreign or unregistered crypto asset transaction platforms, which also results in capital outflows. Given Indonesia’s enormous potential in the crypto asset industry to compete with other Southeast Asian countries, accelerated and intensive efforts from the government are needed to foster industrial growth.
The crypto asset industry in Indonesia is now entering a new chapter, which is full of optimism. One of the representatives of business actors, Yudhono Rawis, CEO of Tokocrypto, said, “The next step that that should be taken for Indonesia so that this industry continues to grow is the development of innovative crypto products and services that suit the needs and preferences of the Indonesian market.”
Yudho also hopes that the crypto industry in Indonesia can be more mature in creating an ecosystem that is more integrated and competitive with global players.
To achieve a balance between technological innovation and consumer protection, ASPAKRINDO and A-B-I are committed to continuing to collaborate with the authorities and relevant stakeholders to build inclusive regulations that support the sustainable growth of the crypto asset industry in Indonesia.
SOURCE Asosiasi Blockchain Indonesia
Blockchain
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Blockchain
This Week in Finance News: 11 Stories You Need to See
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.
- 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. - 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. - 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. - 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. - 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. - 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.
- 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.
- 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. - 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. - 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. - 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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