Из жизни альткоинов
Indonesia Rushes To Finalize Crypto Oversight Transfer Ahead of Jan. 12 Deadline – Report
The Indonesian government is reportedly racing to finalize the authority transfer to oversee the crypto industry from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK) ahead of its approaching deadline.
Indonesia’s Crypto Oversight Transition StalledOn Thursday, OJK Chairman Mahendra Siregar talked about the preparations for the crypto authority transition at the 2025 stock market opening event in Jakarta. Mahendra revealed that discussions and arrangements are ongoing, with the draft government regulation prepared in an official format, the Jakarta Globe reports.
The transition, scheduled to be completed by January 12, will transfer the crypto industry’s supervision from the Commodity Futures Trading Agency, which has overseen digital assets since 2018, to the Financial Services Authority.
The transfer has been reportedly stalled due to “the absence of a supporting government regulation.” Finance Minister Sri Mulyani Indrawati introduced the plan in late 2022. The bill is expected to become law once the legislative and executive branches of the Indonesian government reach an agreement on all provisions.
By January 2, 2025, the official bill for the transition has yet to be published, but the OJK Chairman stated the agency has “been working closely with the Trade Ministry to ensure a seamless process.” Mahendra added, “Once the regulation is issued, it will provide the legal basis for the transition.”
The transfer to OJK is expected to foster a more transparent and comprehensive regulatory framework that aligns with international standards. However, Bappebti Chief Kasan explained that the existing rules will remain effective until the new regulation is enacted.
According to the report, OJK Commissioner Hasan Fawzi detailed that the agency “conducted in-depth studies on global practices in crypto regulation and prepared its workforce for the role.”
Indonesia’s LandscapeNailul Huda, a digital economy expert, criticized the transition delay, adding that the slow response suggests reluctance from the Trade Ministry to relinquish its supervisory role. He asserted that “while OJK oversight may bring stricter regulations, its experience will benefit investors.”
Moreover, several brokers and crypto exchanges reportedly believe the transition will streamline regulatory oversight and allow direct transactions under the supervision of OJK and the Bank of Indonesia.
It’s worth noting that the Indonesian government has been criticized for its regulatory measures and cautious approach, which prohibited using cryptocurrencies as a direct payment method for goods and services. Similarly, various industry players consider the country’s dual taxation on crypto potentially hindered the market’s growth in recent years.
Despite the regulatory landscape, Indonesia has one of the highest adoption rates in the world. Bappebti reported that over 18.51 million people invested in cryptocurrencies in 2023. That year, the country ranked 7th in Chainalysis’ global crypto adoption ranks.
By 2024, Indonesia ranked 3rd, surpassing countries like the United States and Russia and becoming one of the largest nations by crypto trader numbers. Additionally, the country’s market recorded a 350% year-on-year (YoY) increase in crypto transactions, crossing $30 billion between January and October.
New Crypto Feature On Telegram: What It Means For Users
Telegram has kicked off 2025 with a significant update that deepens its integration with the crypto ecosystem. As reported by TechCrunch, the messaging service has introduced NFT gifting capabilities alongside third-party verification.
Telegram Launches New Crypto FeatureTraditionally, Telegram has provided verification for public figures and organizations to authenticate their presence on the platform. The latest update broadens this scope by enabling third-party entities—such as food quality regulators or educational bodies—to verify user accounts. This move aims to bolster trust and mitigate the spread of misinformation.
In Telegram’s own words, “This decentralized platform for additional verification will help prevent scams and reduce misinformation — with a unique proactive solution that sets a new safety standard for social platforms.” Verified accounts will now feature a distinct logo beside their names, replacing the conventional blue checkmark, thereby distinguishing them more clearly.
Entities interested in obtaining verification must undergo a stringent application process. “People or organizations that want to be authenticated will need to first undergo verification and complete an application to become eligible to receive the verified mark,” Telegram detailed in a blog post.
The platform’s Bot API facilitates the management of verification statuses, allowing organizations to assign or revoke verification with ease. Verified profiles under these third-party authorities will display the respective organization’s logo, enhancing their credibility and ensuring users can reliably identify authentic accounts.
In an innovative fusion of crypto and social engagement, Telegram has also unveiled the ability to convert gifts into Non-Fungible Tokens (NFTs). Users can purchase Telegram Stars either directly through the app or via the Fragment site by linking their TON crypto wallets. These Stars can then be used to send personalized gifts featuring custom backgrounds and icons, which can subsequently be minted as NFTs.
“Users would be able to trade these NFTs on different platforms,” Telegram announced, emphasizing the interoperability of this new feature. To facilitate the blockchain transactions required for NFT creation, Telegram imposes a fee for upgrading gifts to collectibles. This initiative not only enhances the user experience by adding a unique, tradable element to gifting but also reinforces Telegram’s commitment to integrating crypto functionalities seamlessly into its platform.
Beyond the core features of verification and NFT gifting, the update introduces emoji reactions for service messages—such as welcoming new group members—and improved search filters tailored for private chats, group discussions, and channels.
Notably, Telegram has been proactive in leveraging crypto for various platform functionalities, including monetization for creators and facilitating payments for games and mini-applications. The introduction of third-party verification and NFT gifting further cements Telegram’s role in the evolving crypto landscape.
Telegram’s native cryptocurrency, Toncoin (TON), has seen a 5% increase over the past 24 hours, although it has experienced a -22% decline over the past 29 days. The cryptocurrency maintains a market capitalization of $14.3 billion and a trading volume of $165 million (24 hours).
Celsius Fights Back: Appeals Court Ruling Against $444M Claim on FTX Transfers
The ongoing legal battle between collapsed crypto lending platform Celsius and bankrupt cryptocurrency exchange FTX appears to have now entered another phase.
Celsius recently filed a notice of appeal against Judge John T. Dorsey’s ruling, which “disallowed its $444 million claim” against FTX.
According to reports, the dispute stems from the collapsed crypto lending platform’s allegations of “preferential transfers” and “disparaging remarks” by FTX officers that allegedly accelerated the lending platform’s financial collapse.
Key Legal Arguments and Court RulingThe legal dispute revolves around the adequacy of Celsius’ initial proofs of claim and the procedural correctness of its amended filings.
Initially, the collapsed crypto lending platform had sought $2 billion in damages, claiming that FTX officers made unsubstantiated and damaging statements about the lending platform’s financial condition.
Celsius filed a Notice of Appeal against Judge Dorsey’s ruling for FTX debtor
Elected for Appeal to be heard in the District Court
Facts 1) Celsius Filed a $2bn claim for disparagement before the bar date
2) Celsius filed a $444m amended claim for a preference claim after bar… pic.twitter.com/evaBzMi5Lt
— Sunil (FTX Creditor Champion) (@sunil_trades) January 1, 2025
Although this claim was later revised, focusing instead on “preferential transfers” totaling $444 million, however, in its original filing, Celsius included only a brief reference to investigating possible preference claims, which the court ruled “insufficient” to support its allegations.
When the collapsed crypto lending platform later filed an amended claim focusing on the $444 million in alleged preferential transfers, Judge Dorsey found the amendment “procedurally improper.”
The court highlighted four key issues with Celsius’ amended claim: it was filed after the bar date without permission, lacked sufficient connection to the original claim, did not justify the delay, and would cause undue prejudice to FTX’s ongoing reorganization process.
These factors collectively led to the dismissal of the collapsed crypto lending platform’ revised claim. In response, Celsius argued that its initial filing should have been sufficient to signal its intentions regarding avoidance claims.
Furthermore, the company stated that its filings complied with the requirements of the Bankruptcy Code and served as protective measures to ensure the claims remained valid during the legal proceedings.
Next Steps in the Legal BattleThe notice of appeal, filed by Celsius litigation administrator Mohsin Meghji on December 31, signals the company’s intention to continue pursuing its claims against FTX.
The appeals will focus on whether Celsius’ original proofs of claim met the necessary legal standards and whether its amended filings should have been accepted despite the procedural delays.
FTX creditors, represented by activist Sunil Kavuri, have raised concerns about the legitimacy of Celsius’ claims, noting the significant delay in filing the amended claims and the lack of clear procedural adherence.
It is worth noting that the outcome of this appeal will have significant implications for both bankrupt entities and their respective creditors, as hundreds of millions of dollars are at stake.
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Coalition Of Tether, Tron, TRM Labs Takes Action Against Crypto Crime, Freezing Over $100M
The T3 Financial Crime Unit (T3 FCU), a collaborative effort between stablecoin giant Tether, the TRON blockchain, and blockchain intelligence company TRM Labs, has achieved a notable milestone by freezing over $100 million in criminal assets across the globe.
A Game-Changer In Blockchain Security?Launched in August 2024, the T3 FCU has quickly established itself as a pioneering model for public-private partnerships in the realm of blockchain security, working hand-in-hand with law enforcement agencies to combat cryptocurrency-related financial crimes.
The unit has effectively intervened in numerous cases involving serious offenses such as money laundering, investment fraud, blackmail, and terrorism financing.
By leveraging advanced analytical techniques, T3 FCU has reportedly monitored millions of transactions across five continents, accounting for a staggering total volume exceeding $3 billion in USDT (Tether’s stablecoin). Justin Sun, founder of the TRON blockchain, emphasized the significance of these efforts, stating:
Criminals now have 100 million reasons to think twice before using TRON. T3 FCU’s rapid success in freezing criminal assets sends an unmistakable message: if you’re using USDT on TRON for crime, you will be caught.
Tether CEO Stresses Commitment To Financial IntegrityPaolo Ardoino, CEO of Tether, reaffirmed the company’s commitment to safeguarding the integrity of the financial ecosystem. Ardoino noted:
Tether is deeply committed to maintaining the integrity of the financial ecosystem by proactively collaborating with global law enforcement agencies. By working closely with authorities across jurisdictions, Tether has been instrumental in freezing criminal assets and ensuring that bad actors do not exploit stablecoins like USDT.
Ardoino also pointed out that their partnerships have been instrumental in freezing assets linked to criminal activities, ensuring that malicious actors cannot misuse stablecoins like USDT.
Chris Janczewski, head of global investigations at TRM Labs, echoed these sentiments, describing T3 FCU’s collaboration as a proof of concept for effective public-private partnerships. He asserted:
T3 FCU’s ability to work closely with law enforcement worldwide to effectively disrupt cybercriminals from using USDT on TRON is a proof of concept for public-private partnerships. Surpassing USDT 100 million in frozen assets is just the beginning. In 2025 and beyond, as more and more lawful users enter the growing crypto ecosystem, it is more important than ever to keep it safe. T3 is dedicated to that mission
The T3 FCU’s proactive approach exemplifies the potential of public-private partnerships to enhance security and accountability within the digital asset space. By working closely with law enforcement agencies worldwide, the unit is set to redefine standards for transparency and operational integrity in cryptocurrency transactions.
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