Binance has met with a billionaire family of bankers in Indonesia and also with a state-owned telecommunications company for a possible partnership.
The world’s largest cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange is considering opening a crypto trading platform a place to buy, sell and store cryptocurrency in Indonesia.
As reported byBloomberg,Binance has entered into discussions with the bank PT Bank Central Asia and the Indonesian telecommunications company PT Telkom with the intention of establishing a digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. exchange in that nation. People with knowledge in the matter, who asked not to be identified due to the private nature of the agreement, advanced the information to the media.
A spokesman forBinance who was contacted by the news media declined to comment on the matter because of a “policy of not commenting on rumors or speculation“. However, he acknowledged the company’s extensive expansion plans.
We support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the sustainable growth of the Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. industry worldwide and are constantly looking for business opportunities in all countries.
In talks with Indonesian bank
Bank Central Asia(BCA) ranks among the three largest banks in Indonesia by total assets under management, according to data fromStatista. El bank is managed by the billionaire brothers Budi and Michael Hartono . The Hartono’s are the wealthiest family in Indonesia, as highlighted by theBloomberg.
For its part,Telkom Indonesia is a state-owned company. The Indonesian government owns more than half of its outstanding shares and it is one of the largest telecommunications companies in the country. Both BCA andTelkom are listed on the Indonesian Stock Exchange. According toThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain., have a market capitalization of more than USD$ 63 billion y USD 28 billion respectively.
The partnership could enableBinance opening up to a market an area or arena, online or offline, in which commercial dealings are conducted. of more than 270 million people, where many adults do not have access to banked services, as he pointed out.Bloomberg. In addition, engaging with Indonesia’s richest family and leading telecommunications company could be beneficial to the exchange in commercial and regulatory terms.
According to the report, BCA could be associated with Binance through a subsidiary although discussions are ongoing and the terms could change. A representative of the bank said that a possible agreement withBinance has not been discussed at a board meeting.
In the meantime,Telkom confirmed that it is exploring new opportunities to partner with major players through its venture capital capital is most commonly defined as the large sum of money you would use to invest. arm,MDI Ventures. The firm’s senior vice president of corporate communications and investor relations, Ahmad Reza, told the media outlet that the company is taking into account an account is essentially a whose purpose is to track the financial activities of a specific asset/ the potential in the markets forBlockchain y cripto.
Planes de expansión por Asia
It should be noted thatBinance already has a presence in Indonesia. As highlighted byThe Block yCoinDesklast year, the company acquired a majority stake in the local exchange.Tokocryptoalthough the details of that agreement were not disclosed. More recentlyTokocryptowhich is regulated regulation is when something is controlled by a specific set of rules. in Indonesia, unveiled plans to list on the stock exchange.
In terms of local regulation, the Asian nation has maintained a mixed stance on cryptocurrencies. While Indonesian authorities prohibit the use of cryptocurrencies in payments, a policy put in place in 2017, trading of such assets is allowed.
Binance has been looking to expand its presence in the Asian region. The rumors about its alleged plans in Indonesia come the same week that the Singapore arm of crypto trading giant announced the acquisition of una 18% stake in the local private stock exchange , Hg Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. (HFX) .
Expansion efforts in the region come after strong pressures forBinance by regulators around the world. Enforcement actions forced the exchange to halt operations in several countries, including Singapore .
- Binance wants to get back to trading in the UK and is working towards it, CZ changpeng Zhao (CZ) is the founder of crypto exchange Binance. said
- Indonesia Central Bank wants to fight Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. with a CBDC
- France guides Binance to open regional office in the country
Article by Hannah Estefania Perez /DiarioBitcoin
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