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Indonesia: BI Prohibits Bitcoin Transactions

TEMPO.CO, Jakarta – Bank Indonesia (BI) has banned the use of Bitcoins in financial transactions. The central bank said that transactions using the virtual currency are against the law because the only valid instrument for payment in Indonesia is the rupiah. BI executive director of payment system policy and supervision Eny V. Panggabean said Eny said the ban was issued […]

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Philippine outsourcing industry braces for AI

MANILA (Reuters) – The outsourcing industry in the Philippines, which has dethroned India as the country with the most call centres in the world, is worried that the rise of artificial intelligence (AI) will eat into the $23 billion sector. AI-powered translators could dilute the biggest advantage the Philippines has, the wide use of English, […]

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