Indonesia Plans To Launch National Crypto Exchange – January 4

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,850

Bitcoin price is slowly creeping upwards into the high $16,000s, touching as high as $16,900 overnight.

Top-20 altcoins have performed well across the board, as Ether gains 4%, BNB rises 5% and Cardano rallies 6%.

Top Stories for January 4, 2022 πŸ”₯

πŸ‘‰ Indonesia Plans To Launch National Crypto Exchange

Indonesia is looking to launch a national cryptocurrency exchange in 2023, despite it being a banned payment method in the country.

Crypto assets are currently looked over by “Bappebti”, Indonesia’s Commodity Futures Trading Regulatory Agency – however this role will be soon taken over by the country’s Financial Services Authority.

Indonesia has recently become more active in crypto and crypto regulation, publishing a report and plan to launch a central bank digital currency in 2021.

πŸ‘‰ Coinbase To Pay $50M Fine To NYDFS For Violating AML Laws

Coinbase, a cryptocurrency exchange, has agreed to pay a $50 million fine to the New York State Department of Financial Services (NYDFS) for violating anti-money laundering laws.

The NYDFS found that Coinbase had failed to properly conduct background checks on its users and had insufficient compliance policies in place. As part of the settlement, Coinbase will also invest $50 million over the next two years to improve its compliance program.

πŸ‘‰ UK National Crime Agency To Set Up Crypto Unit

The National Crime Agency (NCA) in the UK is forming a new unit called the National Cyber Crime Unit (NCCU) Crypto Cell to proactively investigate cryptocurrency crime.

The unit will be composed of five officers and will support existing and new investigations that require specialist cryptocurrency experience. The NCA stated that the formation of this unit indicates an increased focus on policing cryptocurrency assets.