Cryptocurrency traders protest Indonesia's new futures rules

JAKARTA (Reuters) – Indonesian cryptocurrency traders are complaining that the government’s new rules on futures trading, which require high minimum capital for traders, will hinder development of the young but growing market. Use of cryptocurrencies as payment instrument is banned by Indonesia’s central bank, but trade in the blockchain-backed assets is allowed. Since October, Jakarta has allowed futures trading of […]

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Ontario securities regulator looking into digital platform Quadriga

TORONTO (Reuters) – Canada’s main securities regulator said on Friday that it was looking into Quadriga CX, the digital platform whose founder died in December, trapping millions of dollars in cryptocurrencies in its accounts. “Given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor,” the Ontario Securities Commission […]

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Cryptocurrencies to survive despite massive sell-off: Allianz's El-Erian

NEW YORK (Reuters) – Cryptocurrencies, in the midst of a massive sell-off, will survive but will remain part of the commodity space, and not as a separate asset class, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday. In a fireside chat at a Coindesk conference called Consensus: Invest in New York, El-Erian said the fact that more institutional […]

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Three Bulgarians arrested over cryptocurrency theft

SOFIA (Reuters) – Three Bulgarians were arrested and charged over the theft of cryptocurrencies worth about $5 million, the interior ministry and prosecutors’ office and said on Monday. Police seized cryptocurrencies worth about $3 million, as well as computers used by the suspects. They also found notebooks listing accounts of people, real and fictitious, used in the scam. The prosecutors […]

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