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Indonesia
2021 (5 Years)
Last online: No recent activity
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Blocknom
Company Information
Get to know Blocknom
Blocknom was a Singapore-based financial technology company, backed by Y Combinator, that operated a centralized crypto savings platform. The company's core product allowed users to deposit stablecoins, primarily USDT and USDC, and earn a fixed high annual percentage yield (APY). Its mission was to simplify the process of earning returns on digital assets, making it more accessible than complex Decentralized Finance (DeFi) protocols. The platform targeted users, particularly in Southeast Asia, seeking stable, high-yield investment alternatives. However, following regulatory warnings, Blocknom ceased all operations in late 2022.
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