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The Wind Of Change Reached The Indonesian Crypto industry. Does It Bring The Bright Future?
Regulation   |   12.04.19  |  

... the Asia-Pacific region in 2016. The volume of GDP in 2012 amounted to $1.212 trln and became 16th in the world and 1st in the Southeast Asia. The milestones in the development of the Indonesian crypto industry The high-profile event of 2017 was the cryptocurrency ban by the Central Bank of Indonesia. Agus MARTOWARDOJO , the chairman of the Central Bank, noted that the use of cryptocurrency violates Law No. 7/2011, which states that only Indonesian rupee can be means of payment and exchange in the ...

Bitcoin Mining Is Labeled As ‘Undesirable’ Industry By China’s NDRC
Legislation   |   09.04.19  |  

According to the draft proposal for the revision of the existing Catalog for Guiding Industry Restructuring, mining should be excluded in the country The China National Development and Reform Commission (NDRC), a government agency responsible for macroeconomic policies, has identified cryptocurrency mining as an “undesirable" industry, recommending local governments to eliminate it across the country. The NDRC has published a draft proposal to revise the existing Catalog for Guiding Industry...