Source: ccn - 17 hours ago
Russia’s third-biggest bank by assets Gazprombank has elected to freeze the bank accounts belonging to Venezuelan state oil firm Petróleos de Venezuela, S.A. (PDVSA), Reuters reports. Citing sources, the report indicated that the state-owned lender did so to lower its risks of coming under U.S. sanctions. Alongside China, Iran, Turkey and other countries, Russia is one of the strongest supporters of Venezuelan president Nicolas Maduro. Last month when Venezuela’s National Assembly head, Juan Guaido, declared himself interim president the four voiced their support for Maduro. This was contrary to the position taken by the United States and other western powers. The post US Sanctions Squeezes Russia’s 3rd Biggest Bank into Freezing Venezuela Oil Firm’s Accounts appeared first on CCN
Source: dailyhodl - 22 hours ago
Bitcoin trading volume has more than doubled in Indonesia on peer-to-peer crypto trading platform LocalBitcoins, from 222 Bitcoin worth roughly $.8 million for the week ended February, up from 102 Bitcoin. The record-breaking volume coincides with the country’s new legal framework for cryptocurrencies, which legalize cryptocurrency exchanges and classify Bitcoin, Ethereum and altcoins as commodities. […]The post Bitcoin Trading Volume Surges in Indonesia After Country Officially Recognizes Crypto as Commodities appeared first on The Daily Hodl.
Source: cointelegraph - 3 days ago
New regulations introduced in Indonesia recognize cryptocurrencies as trading commodities and gives legal certainty to cryptocurrency exchanges
Source: bitcoinist - 4 days ago
Regulators in Indonesia have finally recognized Bitcoin and other cryptocurrencies as commodities, thus providing legal backing for trading virtual currencies. Consequently, cryptocurrency exchanges in the country now have a set of requirements that must be satisfied before being allowed to operate. Requirements for Bitcoin Exchanges in Indonesia The Indonesian Trade Ministry Futures Exchange Supervisory Board (Bappebti) issued regulation No.5/2019 which includes regulations for cryptocurrency exchanges, as well as, a formal recognition of cryptocurrencies as commodities.
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