Indonesia is the financial institutions engaged in bitcoin payment business

Indonesia is the financial institutions engaged in bitcoin payment business

    

Indonesia’s central bank and the Ministry of Finance issued several risk warning that bitcoin lacks the legal management, the underlying asset, reference price and other financial security elements, not only can be reduced to money laundering and terrorist financing tools, and is accelerating the formation of financial bubbles, and the interference of stable operation of financial system, and ultimately threaten the masses the vital interests

“Virtual currency transactions spawned more arbitrage opportunities and improper financial operation, but the operation is free from the scope of legal supervision.” This is the central bank governor Agus for Indonesia bitcoin users to the latest advice.

Since last December, Indonesia, Indonesia’s central bank financial services department, Indonesia Ministry of Finance and other financial regulators prohibited firing announcement, the domestic financial institutions engaged in bitcoin payment business, urged the Indonesian citizens not to hold, bitcoin trading and investment.

Different from the traditional currency, bitcoin is a data encryption technology based on block chain. Since last year, the global scope of crypto currency prices continued to rise, especially in December last year, the first bitcoin futures trading products in the United States officially spawned a worldwide digital encryption currency investment boom. This makes bitcoin become the new darling of investors, has become a new type of financial risks in the hardest hit. To this end, the national financial regulatory agencies are stepping up research on how to deal with the new risk bitcoin encryption currency. For example, South Korea and India have banned domestic bitcoin transactions, the United States and Japan said to strengthen the supervision of bitcoin. Previously, supervision of bitcoin is loose in Germany, the finance minister Maier Duarte recently will with the French finance minister Lemerre said, will jointly promote the global supervision of bitcoin in the group of twenty summit in Argentina in 2018. This also led to bitcoin prices fell. In February 2nd, bitcoin price fell to $8378 last year, and had reached the highest $19511.

Indonesia’s central bank data show that the rupiah denominated bitcoin prices last year soared more than 20 times, far higher than the average level of international market rose 17 times. Therefore, the central bank and the Ministry of Finance issued several risk warning that bitcoin lacks the legal management, the underlying asset, reference price and other financial security elements, not only can be reduced to money laundering and terrorist financing tools, and is accelerating the formation of financial bubbles, and the interference of stable operation of the financial system, and ultimately threaten the the vital interests of the people. Oni think the person in charge of the central bank payment system policy, bitcoin can not reach the international standard in the elimination of financial risk, the transaction and the loss also does not provide any legal protection. According to the central bank report, found in a mall in Jakarta bomb attacks, the terrorists have to store management for bitcoin.

Therefore, as the country’s payment system regulators, Indonesia’s central bank has prohibited all aspects of clearing, settlement, issuance, transfer and other payment system operators to hold and use bitcoin, non financial technology development departments to carry out bitcoin payment related research. Indonesia’s central bank financial risk management department director Ernie said, on 2011 Indonesia as the only legal tender laws, as well as the central bank on 2015 2016, the Indonesian rupiah citizens to use obligations prohibiting banks and non bank financial institutions hold a virtual currency, in 2017 about the provisions of the three consumer protection network trading platform is the basis of law enforcement behavior, Indonesia regulators at present. The director of the Indonesian Financial Services Administration Wim Bo warned, including banking, financial services, electronic wallet service providers, financial technology companies, to provide convenience for any payment system operators for bitcoin transactions, once discovered will face fines or even revoke the business license of the heavy penalties. In 2017, the Indonesian government in the name of illegal financing closed 4 bitcoin payment business of private equity funds.

However, due to the national level lack of legal support, Indonesia’s financial regulators is the right to prohibit bitcoin in Indonesia private point-to-point distribution, independent of citizens holding, trading and investment bitcoin, can only stay in the current level. Bitcoin (Indonesia) as Indonesia’s largest bitcoin trading platform, has more than 1 million active users. In the face of Indonesia’s financial regulators warned that the company only on its website for the majority of users published the latest tips bitcoin transaction risk as a response. In this regard, the Indonesian finance minister Sri Mulyani argued that although the government has the right to prohibit citizens to invest in bitcoin, but not for any trading loss fallback. Wim Bo said that regulators can only continue to guide the public to recognize the potential risks, “we can only again and again issued a risk warning”.

Relative to the financial regulatory authorities “persuasive”, the Indonesian police simply “hard”. In January 15th, Bali Island police according to the clues in the Bali Island branch of the central bank, major tourist attractions to carry out special rectification activities for bitcoin transactions. The action that there are at least two cafes are still accepting bitcoin payments, payment of the minimum threshold is 0.001 coins ($18), a bitcoin transaction records of 44 enterprises including car rental, hotels, travel agencies, jewelry stores found before. Bali Island police chief SA Wu just pointed out that according to the law, all financial transactions must be used in the Indonesian rupiah, “but the tourist resort of Bali Island has been all kinds of illegal financial transactions in the target area, the police has been committed to the fight against all illegal non IDR transactions, so we urged businesses to consciously resist the bitcoin, and will be based on the National Police Administration of criminal investigation department and the central bank institutions new coordination, intensify the crackdown”.

Bitcoin global virus attack! The hospital occupied universities have 360 security guards to fight

Bitcoin global virus attack! The hospital occupied universities have 360 security guards to fight

This Friday, with large-scale information security attacks spread to nearly 100 countries, tens of thousands of computer users encounter extortion. In Britain, more than a dozen hospitals, as well as FedEx and Telefonica and other large companies has become the target. British Prime Minister Teresa Mey said that the British government information security department is working with the NHS, to deal with the crisis. The same event also staged in Italy, Russia, Spain and other countries. The Spanish Telecom spokesman said, affected by the pop-up window on the computer screen, require the use of bitcoin to pay the ransom.

In Chinese, campus network has become the hardest hit, the majority of teachers and students of the computer virus file is encrypted, a lot of experimental data and graduation design is locked only to pay the ransom to recover. Some enterprises even separation intranet infrastructure also appears virus infection.

In the face of network attacks, major colleges and universities are also actively seeking solutions. Among them, 360 security guards NSA Arsenal immune tool “has been recognized by recommendation, rushed in the first line of defense against virus invasion.

It is understood that the 360 “NSA Arsenal immune tool can be a key to check and repair NSA vulnerabilities hackers attack. On XP, 2003 has stopped updating the system, immune tools can exploit closed ports, prevent computer NSA hackers implanted weapon blackmail viruses and other malicious programs.

360 security guards experts said the campus network virus by NSA leakage for “eternal blue” hacker weapons spread. At present, the “eternal blue extortion virus spread to ONION and WNCRY two family, the machine will be damaged disk file tampering with the corresponding suffix, images, documents, video, etc. all kinds of compressed data are not normally open, only to pay the ransom to decrypt recovery. These two types of extortion virus, extortion amount is 5 bitcoins and $300, equivalent to RMB 50 thousand yuan and 2000 yuan respectively.

A college classmate Tang said: “the night in the bedroom on my computer video, went out for a while, come back after that computer caught. Computer desktop display a blackmail letter. This letter, you can choose to display the language, Chinese, Han Wen, Japanese, English have. The contents of the letter is roughly to unlock your computer on the document, please pay 300 dollars equivalent bitcoin. It also threatened not to pay within a week, will not recover the file.”

According to the monitoring data of campus network virus blackmail events revealed that the domestic first appears is the ONION virus, the average per hour attack about 200 times per hour, night peak 1000 times; WNCRY for virus is the emergence of new global attack on May 12th in the afternoon, and in the China campus network spread rapidly, the peak hour night attack about 4000 time.

360 security guards experts suggest the majority of teachers and students, in the face of cyber attacks don’t panic, do an important back-up file; open the 360 security guards against extortion service; strengthen safety awareness, do not point unknown links, do not download unknown unknown file, don’t open mail.