Indonesian Central Bank is going to ban a bitcoin

Indonesian CB reported about planning regulation to ban on cryptocurrencies
04 December 2017   1043

Bank Indonesia (BI), the country’s central bank, is developing the reglament to enact a sweeping ban to all cryptocurrencies, their trading and using in transactions as payments. The central bank official reported that the crippling regulation was required to maintain the sovereignty of the Indonesia’s fiat currency rupiah.

We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.


Agus Martowardojo

the governor of the central bank

Also the official said that digital currencies can use for financing of a terrorism and laundering of money. Now the position of the Central bank is negative toward cryptocurrencies after threatening bitcoin adopters in the country. The new rules are planning in 2018 and will relate to also include FinTech-companies and startups.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   236

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.