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Crypto in Action 🇮🇩 Ranked third globally in crypto adoption, Indonesia's rapid crypto adoption is reshaping its financial landscape. ◾ Indonesia had a staggering 200% year-on-year growth in crypto users, growing from 9.9 million in 2021 to 28.52 million in 2024. ◾ The country leads the world in DeFi value received and retail DeFi value received, reflecting Indonesians' widespread use of decentralized financial services. ◾ Approximately 43% of value transferred to local exchanges came from transactions between $10,000 and $1 million, indicating professional trading activity is on the rise. ◾ Crypto is filling gaps in Indonesia’s developing banking system, offering decentralized solutions for savings, trading, and cross-border payments. Read more 👇 https://lnkd.in/eFXjEzvc

🌐 Binance has reached an agreement with Uzbekistan’s National Agency for Advanced Projects to serve local users through its partner, COINPAY. 🔘 Uzbek residents will access Binance via COINPAY’s platform, with support for deposits and withdrawals in the national currency. #rcz #coinpay #agency #local #project #crypto

Japan's Financial Services Agency (FSA) is reportedly planning a regulatory review to potentially lower capital gains tax on cryptocurrencies and reclassify digital assets by 2025. This initiative aims to create a more attractive investment environment and foster crypto adoption in Japan. Key aspects of the review include: ✅ Reducing taxes on crypto gains to encourage trading and increase market activity. ✅ Reclassifying digital assets for clearer regulations and improved market stability. ✅ Attracting more investors and boosting Japan's crypto ecosystem. As the FSA embarks on this regulatory review, Japan demonstrates its commitment to embracing cryptocurrencies and fostering a thriving digital asset landscape. Keep an eye on these developments to understand the potential impact on Japan's crypto industry. #JapanCrypto #FSA #CryptoRegulations #TravelRule

Paysafe Partners with Alchemy Pay to Expand Fiat-Crypto Payment Solutions Learn more & get our take 👇 https://lnkd.in/gtiemZS4 “We’re delighted to partner with Alchemy Pay, which like Paysafe has a global footprint. The Skrill and NETELLER wallets’ large user-base and popularity among crypto holders along with integration of local payment methods will power Alchemy Pay’s Fiat On-ramp with more payment options." — Micah Kershner, SVP of Crypto & Digital Assets at Paysafe "At Alchemy Pay, we believe easy fiat-crypto onboarding is key to unlocking the true potential of crypto. Partnering with Paysafe streamlines this process for our users and opens the door to a wider audience, particularly in European countries. Looking ahead, we're excited to leverage Paysafe's expertise to expand into other promising markets like Latin America, bringing the benefits of crypto to an even larger global community.” — Robert McCracken, Ecosystem Lead at Alchemy Pay #crypto #payment #SoFNews

The Future of Money Speaks Bahasa $40 billion in crypto trading. From a country where the average person earns $4,000 yearly. Let that sink in. Indonesia isn't just embracing crypto. They're showing us what happens when digital natives build their own financial system. Picture this: - 270 million people - Most under 30 - Mobile phones > bank accounts - Digital money > physical cash It's not surprising if you think about it: When you've never had a bank account, you don't need to unlearn traditional finance. When you've never owned stocks, crypto isn't scary - it's just money on your phone. The real story isn't the $40B. It's that Indonesia is building tomorrow's financial system while others are still arguing about today's. This isn't disruption. This is evolution. Sometimes the future comes from places you least expect. Usually from those with the least to lose and most to gain. #DigitalFinance #Indonesia #Innovation

Where is Malaysia?

🚀 Hong Kong Paves the Way for Stablecoin Transactions Hong Kong is leading the charge with groundbreaking trials for stablecoin transactions! In collaboration with Flare and Red Date Technology, this initiative allows mainland Chinese residents to purchase stablecoins through anonymous registration. Here's how it's shaping the landscape: 🔒 Anonymous and Compliant: Utilizing China's Real-Name Decentralized Identifier System

Is Hong Kong Moving Towards Crypto Stability? Hong Kong is considering a stablecoin licensing regime to enhance the stability and credibility of its crypto market. This move aims to position Hong Kong as a leading hub for digital assets. Key points: ❇ Regulatory Framework: Establishes clear guidelines for stablecoin issuers. ❇ Market Confidence: Aims to boost trust and stability in the crypto sector. ❇ Strategic Positioning: Enhances Hong Kong’s role as a global crypto hub. How will this impact the stability of the crypto market in Hong Kong? I’m Filip Paplaczyk Head of Business Development at ULAM LABS, posting about all things web3 and business development. Let’s connect and stay in touch! #Stablecoins #HongKong #CryptoRegulation #DigitalAssets

Project Catalyst is now up and running! Proposals have been added, and it’s time to refine them in preparation for the Community Review on May 23rd. We are excited to submit our proposals as well. Here's what we plan to offer the community: 1. Finalize the "Pay with Cardano" payment gateway and off-ramp. 2. Develop an MVP for a EURO-pegged stablecoin (based on Open Banking). 3. Launch a project that enables sending ADA to a phone number, which will be integrated into our wallet and made open source. Fingers crossed for all the proposals—may the best ones win! 🚀 #cardano #ada #projectcatalyst

Investor Update Time! 💰 We're happy to share all of our updates from the first half of 2024! 👇 📊 Our Big Pivot - We've pivoted from a crypto investment app to a digital asset platform for financial advisors managing crypto and tokenized asset portfolios. 🏛 Acquired DAP Capital - Veli acquired DAP Capital, rebranding it as Veli Tokenized Assets. This pivotal step means we now manage over $10M in assets, merging $3.6M in crypto assets and $7M in tokenized assets. 🇸🇮 Partnered with Leading Advisory firm in Slovenia - We partnered with Slovenia's top financial advisory firm, @Vezovišek & Partnerji, to bridge digital assets and traditional finance. 💰 Secured Investment from Digitalna Srbija - Veli secured an investment from the Inicijativa „Digitalna Srbija“'s network of angel investors. This milestone propels us forward in revolutionizing financial advisory crypto management. ➕ and more - follow us to keep up with all of our updates! We're looking forward to an even better 2nd half of the year! 📜 Disclaimer: The market for crypto assets and the purchase of crypto assets constitute a high risk. Crypto assets are subject to high fluctuations in value, and there is no real underlying asset. Declines in value or a rapid, complete loss of the money spent are possible at any time. Past performance is not a reliable indicator of future performance. #StartupInvestment #AngelInvestors #CryptoPlatform #FinancialAdvisory #DigitalAssets #Innovation #Tokenization #DSINetwork #VeliGrowth #InvestmentSuccess #Veli #InvestmentStrategies #CryptoPlatform #WealthManagement #CryptoSolutions #CryptoAdvisors #VeliTransformation #CryptoIntegration