by S. Jack Heffernan Ph.D

The global economy has experienced economic turmoil that could lead to a recession. Several indicators of recession markers include a decline in economic activity, a decline in Gross Domestic Product (GDP), and inflation. Following these concerns, the Bandung City Indonesian Chamber of Commerce & Industry (KADIN) – Bandung through the Digital Asset Committee will hold a grand event, namely CRYPTALK TOUR with their esteemed partners.

CRYPTALK TOUR reflects the steps and efforts of the Digital Asset Committee in supporting and developing ecosystems and digital assets in Indonesia. Bandung City Indonesian Chamber of Commerce & Industry (KADIN) – Bandung  partners with Coinstore.com to roll out a series of collaborations and partnerships in regulatory advisory, project development and education will be prioritised.

“CRYPTALK TOUR is one of the major crypto asset events that will be held in Indonesia, and of course, the Kadin Digital Asset Committee will play an important role here,” explained the Head of the Digital Asset Committee at the Bandung City Chamber of Commerce, Raine Renaldi, Wednesday (12/10).

“We invited attendees and speakers from various parties, including Bappebti as the crypto regulator, venture capitals, global crypto exchange such as Coinstore.com, top 100 Indonesia, and international projects such as VCGamers, Kunci Coin, Eziper chain, and many more,” he said.

On 24th September, the Bandung City Chamber of Commerce and Industry together with Coinstore.com, which is a global crypto exchange, signed an Memorandum of Understanding. The signing was carried out by the Deputy Chairman of the Bandung Chamber of Commerce for Finance Pak M. Shobirin with Coinstore Global Business Director Mr. James Toh.

Shobirin states that the MoU that has been carried out will be the beginning of cooperation between the two parties towards the next stage. “Coinstore.com is our Strategic and Supporting Partner for the development of potentials related to the crypto business and Digital Assets in Indonesia,” he states.

The Digital Asset Committee program will start to kickstart the CRYPTALK TOUR event which will be held on 8.30am October 18, 2022, held at Ritz Carlton (Pacific Place), Jakarta. The event will be attended by government parties such as the Deputy Minister of Trade, Dr. Jerry Sambuaga, and from Bappebti as well as foreign keynote speakers. This event puts forward education about the importance of standardizing digital assets such as crypto for a better ecosystem.

In Indonesia, to get a legal coin license from Bappebti, several requirements must be met. For this reason, in the CRYPTALK event, Bappebti will explain the regulation and valuation of a crypto asset, commonly known as the AHP (Analytical Hierarchy Process) method. The regulation is clearly stated by the Head of BAPPEBTI. Currently, only 383 crypto assets have gone through the AHP test stage and passed to be legally traded in Indonesia.

The plan is that the CRYPTALK TOUR event will be opened by the Deputy Minister of Trade, Dr. Jerry Sambuaga on Tuesday, October 18, 2022.

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.