Crypto Futures News 

Indonesia Approves Cryptocurrency Futures Trading, Prepares Regulation

“Indonesian financial media outlet Kontan reports that cryptocurrency futures trading is now legal in the country” reports financemagnates.com. The agency is also preparing taxation laws, amd has requested that Indodax report cryptocurrency trading information.According to Kontan, Dharma Yoga, head of the Commodity Futures Trading Supervisory Agency (known as Bappebti), announced last week that cryptocurrency can be considered a commodity that can be traded on futures exchanges.The existence of Indodax itself could be considered surprising, but the aforementioned law technically did not cover cryptocurrency trading or mining.This is another surprising development…

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More pain could be in the works for the Indian rupee and Indonesian rupiah

“The Indonesian rupiah, Philippine peso and Indian rupee have been among the weakest currencies in Asia for the past five or six months for that reason, he said” writes Cheang Ming for cnbc.com. Emerging market currencies have come under pressure this year, with the rupiah down about 4 percent against the greenback so far.”As U.S. rates continue to rise, that’s going to put more and more pressure on the rupiah, the peso and the rupee,” Spencer added.Emerging market currencies are likely to feel more pressure amid the move higher in…

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Police: Indonesia suicide bombings work of 2 families

“The attack came just hours after police said the family that carried out the church bombings included girls aged 9 and 12” writes Niniek Karmini for sun-sentinel.com. The church attacks occurred within minutes of each other, according to Surabaya police spokesman Frans Barung Mangera.The attack killed the four perpetrators.He said the church bombers and the police headquarters attackers were friends, as were another family whose homemade bombs exploded in their apartment Sunday night. Source: sun-sentinel.com Share This:

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Militant family uses child in suicide bomb attack on Indonesian police

“SURABAYA, Indonesia (Reuters) – A family of Islamist militants in Indonesia carried an eight-year-old into a suicide bomb attack against police in Surabaya on Monday, a day after another militant family killed 13 people in suicide attacks on three churches in the same city” writes Midwest Communications Inc for 95kqds.com. The father of the family involved in those attacks was the head of a JAD cell in the city, the police chief said. Source: 95kqds.com Share This:

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Openness in global trade is ‘very critical’ to worldwide growth: Indonesian minister

“Speaking with CNBC’s Oriel Morrison, Bambang Brodjonegoro, Indonesia’s minister of national development planning, said openness in global trade is “very critical to the global growth as well as the national economic growth (of Indonesia).”” writes Eustance Huang for cnbc.com. The minister also weighed in on the Trans-Pacific Partnership, a massive trade agreement from which the United States withdrew.”Any effort to disrupt or to reduce the openness of trade, I think, will have negative impact,” he said.As the U.S. and China sit down for a round of talks to discuss recent…

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Crypto Markets News 

Indonesia looks to blockchain to fix its dodgy data challenges

“However, Iwan Djuniardi, the tax office’s director of transformational technology, cautions the pace of adoption in Indonesia could be slower” writes Midwest Communications Inc for 95kqds.com. The blockchain verification process could also help address doubts that hang over elections in countries like Indonesia.The tax system is one such area and tech firm Online Pajak has launched a blockchain-driven app that allows customers to share encrypted tax data with institutions such as the tax and treasury offices, banks and the central bank.Blockchain, the digital data structure best known for underpinning cryptocurrencies,…

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Indonesia demands more answers from Facebook on data misuse

“According to CNBC, Facebook was also suspending data analytics firm CubeYou to investigate how it was collecting information through quizzes” writes Midwest Communications Inc for 95kqds.com. More than 115 million Indonesians use Facebook and authorities in the Southeast Asian country have been pressing the firm to explain how personal data was harvested by political consultancy Cambridge Analytica via a personality quiz.The Indonesian communications ministry was also seeking confirmation on technical measures to limit data access in Facebook and more information on an audit the social media company was doing on…

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Indonesia is on path to joining the Trans-Pacific Partnership, finance minister says

“Indrawati said Indonesia’s trade focus in future would not solely focus on TPP nations” writes David Reid for cnbc.com. Indrawati was appointed finance minister in 2016 having previously served in the same post between 2005 and 2010.After the United States abandoned plans to join the TPP trade agreement, 11 other countries decided to revive it and signed a revised version in March. Source: cnbc.com Share This:

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Facebook Faces Indonesian Police Investigation Over Data Breach

“Facebook Inc is facing possible criminal sanctions in Indonesia as police begin to investigate whether the social-media company breached privacy laws and allowed the data of Indonesian users to be improperly shared” writes unknown author for bloomberg.com. Facebook said it had taken steps to make its privacy tools easier to find and restrict data access on its platform. Source: bloomberg.com Share This:

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