Local Firms Are Not Allowed to Offer Crypto Services (Report)

Local Firms Are Not Allowed to Offer Crypto Services (Report)

The top monetary watchdog of Indonesia – the Financial Services Authority (OJK) – reportedly prohibited local companies from using, offering, or facilitating cryptocurrency services. The regulator believes dealing with bitcoin and the altcoins is risky due to their enhanced price fluctuations. Crypto Is Under Crossfire in Indonesia The authorities of…

Pakistanis have $20B in crypto assets, says head of local association

Pakistanis have $20B in crypto assets, says head of local association

Nasir Hayat Magoon, The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has stated that Pakistani citizens have a combined crypto assets value of $20 billion. During a news conference, the FPCCI president said that Pakistanis’ digital currency valuations are based on the chamber’s research paper, as…

El Salvador might launch its own stablecoin in 2021, local media hints

El Salvador might launch its own stablecoin in 2021, local media hints

El Salvador’s government intends to establish a native cryptocurrency that the public will be able to use to pay for services, according to San Salvador-based media outlet El Faro on Friday night. Ibrajim and Yusef Bukele, the brothers of the country’s president, Nayib Bukele, informed prospective investors that the cryptocurrency,…

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