{"id":7172,"date":"2022-01-27T08:22:06","date_gmt":"2022-01-27T08:22:06","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/27\/indonesia-bans-some-crypto-trading-and-sales-the-register\/"},"modified":"2022-01-27T08:22:06","modified_gmt":"2022-01-27T08:22:06","slug":"indonesia-bans-some-crypto-trading-and-sales-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/01\/27\/indonesia-bans-some-crypto-trading-and-sales-the-register\/","title":{"rendered":"Indonesia bans some crypto trading and sales \u2022 The Register"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div id=\"body\">\n<p>Another week, another big economy restricting cryptocurrency. This time Indonesia has barred financial services firms from offering bit-buck-related services to their customers.<\/p>\n<p>In the tweet below, Wimboh Santoso, commissioner of Indonesia&#8217;s financial services authority the Otoritas Jasa Keuangan (OJK), states that the agency has prohibited financial service institutions from using, marketing, and\/or facilitating crypto asset trading. In a later tweet, Santoso warned that his agency does not regulate crypto trading and that the value of crypto assets can fluctuate widely.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"in\" dir=\"ltr\">OJK Tegas Larang Lembaga Jasa Keuangan Fasilitasi Kripto.\n<\/p>\n<p>Sobat OJK, OJK dengan tegas telah melarang lembaga jasa keuangan untuk menggunakan, memasarkan, dan\/atau memfasilitasi perdagangan aset kripto.\n<\/p>\n<p>Waspada terhadap dugaan penipuan skema ponzi investasi kripto ya Sobat. <a href=\"https:\/\/t.co\/BZmjoI2Ulr\">pic.twitter.com\/BZmjoI2Ulr<\/a><\/p>\n<p>\u2014 OJK Indonesia (@ojkindonesia) <a href=\"https:\/\/twitter.com\/ojkindonesia\/status\/1485774685505998849?ref_src=twsrc%5Etfw\">January 25, 2022<\/a><\/p><\/blockquote>\n<p>The regulator also warns of Ponzi schemes \u2013 investment scams that pay existing investors with funds collected from new investors \u2013 associated with cryptocurrency investment.<\/p>\n<p>Indonesia is the world&#8217;s fourth most populous country, and its sixteenth-largest economy. The nation is also the president of the 2022 meetings of the G20 group of nations and has made small business participation in the digital economy one of its priority issues in that forum. It also has a majority Muslim population, and local religious authorities have advised that cryptocurrency is not a suitable currency or investment for the faithful.<\/p>\n<p>The nation&#8217;s government also allows crypto mining.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"condor\" data-xsm=\",fluid,mpu,\" data-sm=\",fluid,mpu,\" data-md=\",fluid,mpu,\">\n        <noscript><br \/>\n            <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2YfJWLkOabpbIyhdGAYoMDAAAAI0&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2YfJWLkOabpbIyhdGAYoMDAAAAI0&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" alt=\"\"\/><\/a><br \/>\n        <\/noscript>\n    <\/div>\n<p>The new advice therefore restricts crypto trading but falls well short of a ban.<\/p>\n<p>But it also follows Russia&#8217;s <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2022\/01\/21\/russia_cryptocurrency_ban_consultation_paper\/\" rel=\"noopener\">proposed ban on cryptocurrency<\/a> on grounds including its riskiness as a retail investment. China has also opposed cryptocurrency for the same reason, and plenty of financial regulators around the world have warned of their unhelpful volatility.<\/p>\n<p>That volatility has been on full display in recent weeks. The value of Bitcoin has fallen 28 per cent, Ethereum fell 40 per cent and Litecoin dropped by 31.5 per cent.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xmd=\",fluid,mpu,leaderboard,\" data-lg=\",fluid,mpu,leaderboard,\" data-xlg=\",fluid,billboard,superleaderboard,mpu,leaderboard,\" data-xxlg=\",fluid,billboard,superleaderboard,brandwidth,brandimpact,leaderboard,mpu,\">\n            <noscript><br \/>\n                <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44YfJWLkOabpbIyhdGAYoMDAAAAI0&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_security\/front&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44YfJWLkOabpbIyhdGAYoMDAAAAI0&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt=\"\"\/><\/a><br \/>\n            <\/noscript>\n        <\/div>\n<p>Many cryptocurrency advocates have suggested the digital dollars will do well in emerging economies. Indonesia may just have weakened that theory a little. \u00ae<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/go.theregister.com\/feed\/www.theregister.com\/2022\/01\/27\/indonesia_cryptocurrency_trading_ban\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another week, another big economy restricting cryptocurrency. This time Indonesia has barred financial services firms from offering bit-buck-related services to their customers. In the tweet&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-7172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Indonesia bans some crypto trading and sales \u2022 The Register - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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