Narkasa to let investors buy crypto in currency of their choice

Within the last six months, the number of those investing in cryptocurrency has risen by 20 percent, due largely to recent declines in global markets. Narkasa, a recently launched cryptocurrency exchange based in Istanbul, hopes to soon let its clients conduct transactions in 156 national currencies.  ISTANBUL–(Antara/BUSINESS WIRE)– The global cryptocurrency market is currently worth almost $265 billion, with nearly $70 billion in transactions carried out every day. Meanwhile, 314 cryptocurrency exchanges are now in operation worldwide, according to crypto-tracker Coinmarketcap. At most of these exchanges, however, cryptocurrencies can only…

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Indonesians should exclusively use domestic products: Economist

Medan, N Sumatra: A Medan State University (Unimed) economist believes that Indonesia can no longer overly rely on imports amid the ongoing COVID-19 pandemic but should instead focus on using domestic products. “We can no longer pin too much expectations on imports since we are facing a current deficit account that has laid increasing pressure on the government budget,” Armin Rahmansyah Nasution stated in connection with the impact of the COVID-19 pandemic on Indonesia’s economy. Apart from the current deficit account, the fact that the novel coronavirus pandemic continues unabated…

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Government to reduce COVID-19 socio-economic burden on tourism workers

Medan, N Sumatra: Indonesia’s government has pledged to help over 17 thousand tourism workers in North Sumatra currently reeling from the socio-economic impacts of the novel coronavirus disease (COVID-19) pandemic, the Province’s Tourism Office Head, Ria Novida Telaumbanua, stated. “The central and provincial governments have been striving to assist business players in the tourism sector and their workers severely hit by the COVID-19 outbreak,” she informed local journalists in Medan, the capital of North Sumatra Province, on Tuesday. To this end, the Ministry of Tourism/Creative Economy Agency has offered 16,100…

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Jokowi instructs police to assist in creating productive society

Jakarta: President Joko Widodo (Jokowi) instructed the National Police to help maintain discipline among people in following preventive measures as necessitated by the government’s COVID-19 protocols to create a productive, safe society amid the ongoing pandemic. The police are also requested to support the country’s economic recovery process in line with their authority and accountability, President Jokowi remarked during the commemoration of the 74th anniversary of National Police Day on Wednesday. “I deliver several instructions as the National Police’s guidelines in conducting duties,” President Jokowi remarked while chairing the virtual…

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Magnitude-5.1 earthquake rattles Boven Digoel in Papua

Jakarta: A 5.1-magnitude earthquake hit areas of Bovel Digoel District, Papua, Indonesia, on Wednesday, at around 8:06 a.m. local time, though no immediate reports of damages or casualties were received in the aftermath of the quake. The earthquake’s epicenter was located at some 59 kilometers away from north-east of Kota Tanah Merah, the capital of Boven Digoel District, at a depth of 10 kilometers, according to the Jakarta-based Meteorology, Climatology, and Geophysics Agency (BMKG). Based on its epicenter and depth, it was categorized as a shallow earthquake, caused by a…

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Police’s involvement in handling COVID-19 is important: Jokowi

Jakarta: President Joko Widodo (Jokowi) highlighted the criticality of the police’s involvement in handling the COVID-19 pandemic, particularly to maintain public adherence to health protocols and secure the distribution of social assistance. “In this difficult situation, the presence of the Indonesian Police and its involvement is increasingly necessary. Personnel at the Police headquarters, regional police, district police, sub-district police, and Bhabinkamtibmas (public order police officers) in villages should be involved to encourage people to apply health protocols and secure the distribution of social assistance,” Jokowi noted at the State Palace…

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