Because of bitcoin's decentralized nature, nation-states cannot shut down the ... However, the use of bitcoin can be criminalized, and shutting .... Trade history.
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Developing Indonesia Synthetic Commodities Exchange
ECONOMICS SHIFTING
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KEY FACT A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. These types of contracts fall into the category of derivatives. The opposite of the futures market is the spots market, where trades will occur immediately after a transaction agreement has been made, rather than at a predetermined time in the future. Futures instruments are priced according to the movement of the underlying asset. The aforementioned category is named "derivatives" because the value of these instruments are derived from another asset class.
CRYPTOCURRENCY REGULATION Sixty-three percent of countries have favorable or mostly favorable regulation of cryptocurrencies out of 60 states studied as of July, 21st 2017.This is a very good sign for the industry. Still there is a lot of room for growth and diligent work with regulatory bodies to make cryptocurrencies widely acceptable.
LEGAL STATUS, TAX AND REGULATION • Because of bitcoin's decentralized nature, nation-states cannot shut down the network or alter its technical rules. However, the use of bitcoin can be criminalized, and shutting down exchanges and the peer-to-peer economy in a given country would constitute a "de facto ban". The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Regulations and bans that apply to bitcoin probably extend to similar cryptocurrency systems
FAVORABLE REGULATION • Japan, the United States, Canada and the majority of the European countries have favorable regulation of cryptocurrencies. These countries understand that this new asset class is here to stay and have all the prerequisites to become the integral part of the global economy. For example, in the US, bitcoin is considered to be a virtual currency as defined by the Department of Treasury or as a commodity according to Commodity Futures Trading Commission (CFTC). Belgium, for instance, regulates cryptocurrencies under the same laws as digital money. Germany is close to recognising tokens as a private money, while in Sweden cryptocurrencies are adopted as a traditional currencies.
SITUATION IN SOUTH AMERICA • Quite the opposite situation is in South America where countries, except for Argentina, do not favor cryptocurrencies; In Bolivia the Central Bank in 2014 forbade the circulation of bitcoins, while in Ecuador authorities issued their own blockchain based currency and to protect it from market competition banned all other cryptocurrencies. Brazil chose not to act right now due to low development of regional blockchain market and community. Argentina stands aside thanks to its president Mauricio Macri, a prominent bitcoin supporter.
DIVERSE ASIA •
Asia has always been a mix of cultures, political regimes and economic growth. Cryptocurrency regulation is not an exception.
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Pakistan chose to wait before building any legal frames for crypto economy.
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In Taiwan financial organisations aren’t allowed to work with any crypto businesses due to bribe violations with bitcoin.
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Malaysia discusses the development of fintech projects which can help them to build the first Islamic finance system, so cryptocurrencies have a great potential in this country.
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Singapore is well-known for sound view of authorities, so they are working on creation of the National Payments Council and flexible legal frames to license cryptocurrencies’ circulation.
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China is the most interesting country since it seems to fit to each category: on the one hand, bitcoin could be used only by private individuals, not organisations, on the other hand, it is the leading crypto-mining country in the world.
• Indonesia, Legal to trade and hold as Commodities / Illegal as payment tool; On December, 7th, 2017, Bank Indonesia, the country's central bank, issued a regulation banning the use of cryptocurrencies including bitcoin as payment tools starting January 1st, 2018. However other activities such as bitcoin trading and mining remain not covered by the regulation.
• Stagnate volume • No growth; flat revenue
• Third-party technology (incremental costs) • Perception of lack of transparency • No innovation • No understanding on how or where the markets are changing; • How to adjust to a new world dynamic
• No vision ;)
PROBLEM/OPPORTUNITY SELF REGULATORY ORGANISATION (SRO) FUTURES INDUSTRY IN INDONESIA
RECENT DEVELOPMENT
The COFTRA is moving away from its historic role as regulator of traditional commodity productsrelated futures and options contracts to face new challenges in the digital age of the 21st century.
COMMODITIES POSITIONING REVIEW
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NEW CHALLENGE FOR THE COFTRA • The COTFRA plays an important role in regulating financial markets. Without such regulation and regulators, market participants could be subjected to fraud by unscrupulous individuals and, in turn, lose faith in our capital markets. This could make capital markets ineffective at efficiently allocating financial resources to the most deserving means of production and productive economic activities to the detriment of investors, consumers and society. Time will show if the agency is up to the new challenges it faces.
ECONOMIC CHALLENGES FinTech and related Crypto Asset NOW is driving innovation in financial and commodities markets across the globe
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BRING DIGITAL TO NATION To digital sovereignty
ROLE OF INDONESIA SYNTHETIC COMMODITIES EXCHANGE FACILITATING ASSETS GROWTH
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https://coinmarketcap.com/currencies/volume/monthly/
Global Market Capitalisation
WORLD TOP RATED BITCOIN EXCHANGE WHERE’S INDONESIA?
https://bitcoinexchangeguide.com/top-ranking-bitcoin-exchanges/
https://coinmarketcap.com/exchanges/indodax/
Indonesia Cryptocurrencies Exchange
https://coinmarketcap.com/exchanges/volume/24-hour/
ISCX
OUR TRADING PLATFORM
User Journey Interface
Placing price
Trade history
Chart
OUR UNIQUE VALUE PROPOSITION
1 Exchange
2 Margin Trading
3 Lending
OUR UNFAIR ADVANTAGE • Clearing and Settlement; The encumbrance of and the completion of the transactions that take place cooperates with each other company by Indonesian Derivative Clearing House; Is one of authority on industrial futures and derivatives in Indonesia, currently shares are owned in full by the Government of Indonesia.
• Incubator Business base on Blockchain Tech Startup; ONE MONTH ONE COIN, from idea to funding. An incubator company business that serves to gain advantage having planning get equity in a corporation that in incubation period is complete in return for their services
MARKETING Digitally Marketing
MARKETING PLAN BASIC STRUCTURE’S • Market Research and Competitor Analysis • Objectives and Goals • Audience Setting and Value Propositions
• Channel Strategy • Implementation • Measurement
DIGITAL MARKETING STRATEGY Stepping stone
DIGITAL MARKETING STRATEGY STEPS • Get started on Instagram
• Better blogging
• Yahoo! Bing network
• Google+ game plan
• Facebook lookalike audience
• YouTube videos
• Paid promotion on Facebook
• Compelling graphics
• Email marketing
• Search engine optimization
• Twitter outreach
• Content contribution
• Facebook re-marketing
• Digital PR • Unique promotion
STRATEGIC FRAMEWORK
TEAM Our expert
IWAN CAHYO SURYADI linkedin.com/in/iwancahyo
• Experts in Bappebti to study Exchange Regulation and Good Governance, Exchange Products, Clearing, Auction Market Development, Syariah Auction Market Commodities • Creating, Developing trading system for gold, soybean, corn, coffee, tea, copra and sugar multilateral with short contract and physical delivery, joint operation with Indonesia Derivative Clearing House, Gold Gram Prosessor, CIMB Niaga, BRI (Banking Network), Ministry of Energy and Mineral Resources, Ministry of Commerce, Indonesian Biofuel Producers Association, PT. Perkebunan Nusantara, Joint Marketing Group Nusantara, Sariwangi Group, Finlays London, Jakarta Tea Buyer Association, Government of Indragiri Hilir
RIKI YUDISTIRA • System Developer & System Engineering; • e-Pegawai (DINAS KEPEGAWAIAN – KUNINGAN), • e-Arsip (DINAS KEARSIPAN – KUNINGAN), • e-Pertanian (DINAS PERTANIAN – KUNINGAN),
• Sistem Informasi Pendapatan Daerah (DINAS PENDAPATAN DAERAH – KUNINGAN), • SIMRUMKIT (RS. DR. SUNYOTO – BINTARO),
• SIMPUSTAKA (PUSJIANSTRA TNI)
EDDY SL PURBA • Book Editor’s Undang-Undang & Peraturan Sistem Resi Gudang “Manajemen Risiko dan Akses Pembiayaan”, 2007 • Publisher • Tabloid Margin, 2008 • Annual Report Bappebti, tahun 2003 – 2008 • Owner website www.margind.com, 2014 • Bookled ITCE- ICDX, 2015
• Any brochure/leaflet Bappebti.
THANKS YOU
• “The organizations of the future will increasingly depend on the creativity of their members to survive. Great Groups offer a new model in which the leader is an equal among Titans. In a truly creative collaboration, work is pleasure, and the only rules and procedures are those that advance the common cause.” —Warren Bennis
