Indonesia Slaps Strict Regulations for Cryptocurrency Futures Trading – Is the Sector Dead On Arrival?

2019-2-15 16:22

With the Indonesian government requiring cryptocurrency traders to keep a deposit of 80 billion rupiah (approximately $5. 7 million) among other requirements in order to participate in futures trading, sector players have complained that this will strangle the nascent industry.

The new regulations were released last week by the Indonesian markets regulator, the Commodity Future Trading Regulatory Agency (BAPPEBTI). Just How Punishing are Indonesia’s New Regulations for Crypto Futures? Among the various requirements, the minimum paid-up capital levels have emerged as a major sticking point, per The Jakarta Post. Besides a minimum deposit of $5. 7 million, there’s also a minimum paid-up

The post Indonesia Slaps Strict Regulations for Cryptocurrency Futures Trading – Is the Sector Dead On Arrival? appeared first on CCN

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Источник: ccn.com

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The U.S. Commodity Futures Trading Commission (CFTC) is one of the authorities that governs certain aspects of the cryptocurrency world. However, to accurately create regulations and definitions for the market, they need to have a greater understanding of the components in it, which is exactly what the CFTC has decided to do with Ethereum. Based […]

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South Korea’s FSS Watchdog Warns 2 Banks for Lack of Crypto Trading AML Regulation Management

As South Korea has come in to the cryptocurrency market, they have been fairly strict about the regulations that exchanges and investors must adhere to. However, as the Financial Supervisory Service (FSS) has reviewed the local financial institutions, they have found that two major domestic banks are not doing their part in anti-money laundering (AML) […]

2018-12-5 03:28


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