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Indonesia bans goods transactions on social media platforms
Indonesia bans goods transactions on social media platforms
by  AFP

Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses. Experts said the transaction ban would hit the coffers of social media platforms such as TikTok, which takes a commission from every sale.

Crypto firm Binance pulls out of Russia
Crypto firm Binance pulls out of Russia
by  AFP

Cryptocurrency firm Binance said on Wednesday it was selling its Russia business, months after reports suggested US authorities were investigating possible sanctions violations. Bloomberg reported in May that the US Department of Justice was looking into claims Russians had used Binance to skirt US sanctions imposed over Moscow's invasion of Ukraine.

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