Regulators in Indonesia have finally recognized Bitcoin and other cryptocurrencies as commodities, thus providing legal backing for trading virtual currencies. Consequently, cryptocurrency exchanges in the country now have a set of requirements that must be satisfied before being allowed to operate.
The Indonesian Trade Ministry Futures Exchange Supervisory Board (Bappebti) issued regulation No.5/2019 which includes regulations for cryptocurrency exchanges, as well as, a formal recognition of cryptocurrencies as commodities. Based on the new ruling, virtual currency trading is now legalized in the country.
As part of the new set of laws, Bitcoin exchanges must employ the services of IT security experts and keep records of their transactions for a minimum of five years. Also, one of their servers must be domiciled in the country and they must have clearly defined organizational structures with departments like legal, audit, client support, IT, etc. -bitcoinist.com
For those of us lucky enough to travel to distant lands on vacation we know that many of the shops in the really touristy spots carry similar products and don’t really compete for positioning. So when I went to Lisbon last year and walked by Casa Portuguesa do Pastel de Bacalhua and noticed the long lines I had to go inside. What I found was a lot more than just cod fish cakes, which are infamous in Portugal, but an invitation to be a part of the process. Being a biz geek 🤓 I loved the fact that they successfully built an experience around a commodity as opposed to focusing on the transaction of selling cod fish cakes!💥🤑🤔🤓 oh, yeah they taste pretty good too 😉🤣💪🏽!!
The sad truth we couldn’t ignore while in Aruba.
While many visitors to Aruba come for the white sand beaches, turquoise water, and day spas, sadly, others come for a different reason.
Prostitution is legal in San Nicholas, Aruba, making it the De Wallen of the Caribbean.
The location is a source and destination country for women and young girls, subjected to sex trafficking. Venezuelan women especially are vulnerable to trafficking in the commercial sex trade where there are over two dozen bars, each with Columbian or Venezuelan girls ranging in age from early to mid 20s — “Ladies of the Night.” Where the trading of a person as a commodity is an accepted form of work, there is acceptance of abuse, trafficking, rape, STI’s, STD’s and AIDS. Any person willing to exchange money for sex, is fueling not only the trafficking of a person, but that individuals oppression, drug addiction, and physical and sexual abuse (not to mention a persons own entanglement in addiction and oppression). Every part of the girls’ “employment” is particularly regulated in Aruba’s red light district. Each girl is employed with a temporary work visa for 90 days, then kicked out.
The price exchanged for a girls body to be raped — treated as a commodity, $35. -
Aruba Tier 2 #SexTrafficking#Exploitation
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It's date night with my husband, who works tirelessly in an ER, so we're going to have a nice dinner tonight as he was working last night on Valentine's day. Here's my date night go tos and some products that I throw in my purse. .
I'm a unisex and crisp perfume scent person myself. I love @commodity fragrance in Moss and also Bergamot. My mom got me this perfume for Christmas and I have a travel spray of Bergamot in my bag. Moss is my night time scent. #styleyourcommodity
I'm either a red nail or dark nails type person. Usually a brighter red/pink shade on my toes. @nclabeauty Call My Agent was in my #allurebeautybox in January. .
@buxomcosmetics#pillowpout is my favorite everyday lip products now. The shade in my bag is Cozy Up. .
@laritzycosmetics Utopia Dew Pot was in one of the @nb.testtube so gorgeous. Especially applied with a sponge for a little more intensity I find, but just as pretty when applied with your fingers.
@supersmileofficial Quikee with Calprox. You dab this on your teeth and tongue to remove stains and freshen breath on the go. This was also in a #testube and I think it's so handy. .
@bethcollinsmd Pour La Bouche lip treatment in Lemon. This is thick and but so soft. I have it in Peppermint too. It really helps with those little tears you can get in the corners of your mouth when the skin is dry and cracked. I keep one on my night stand as well.
Non-oil sector boosts Nigerian GDP to 2.38 percent in Q4;
Nigeria’s Gross Domestic Product (GDP) growth rate increased to 2.38 per cent (year-on- year) in the fourth quarter of 2018 (Q4, 2018), indicating a 0.55 percentage rise compared to the 1.81 per cent growth recorded in the preceding quarter, according to the National Bureau of Statistics (NBS). This also represented an increase of 0.27 per cent when compared to the 2.11 per cent growth rate posted in the fourth quarter of 2017.
According to the Nigerian Gross Domestic Product Report for the fourth quarter and full year 2018, released Tuesday by the statistical agency, on a quarter on quarter basis, real GDP growth was 5.31 per cent. “The fourth quarter growth performance implies that real GDP grew at an annual growth rate of 1.93 per cent in 2018, compared to 0.82 per cent recorded in 2017, an increase of 1.09 per cent points,” the NBS stated.
In Q4, aggregate nominal GDP stood at N35.23 trillion, higher than N31.27 trillion recorded in Q4, 2017, representing a nominal growth rate of 12.65 per cent.
Real GDP growth stood at 19.04 trillion.
However, nominal GDP for the whole of 2018 stood at N127. 76 trillion, representing a nominal growth rate of 12.36 per cent when compared to N113.71 trillion in 2017.
Average daily oil production stood at 1.91 million barrels per day (mbpd), lower than the 1.94 mbpd in Q3 2018 as well as 1.95 mbpd recorded in Q4,2017.
The oil sector contributed 7.06 per cent to real GDP in Q4, down from 9.38 per cent in Q3 and 7.35 per cent in Q4,2017.
For 2018, the contribution of the oil sector to aggregate real GDP was 8.60 per cent, compared to 8.67 per cent in 2017, the NBS further noted.
It stated that the oil sector recorded a negative real GDP growth rate of 1.62 per cent (year-on-year) in Q4 2018, indicating a decline of –12.81 per cent relative to the growth rate recorded in the corresponding quarter of 2017.
On the other hand, the non-oil sector contributed 92.94 per cent to real GDP in Q4, 2018, slightly higher than the 92.65 per cent recorded in Q4 2017.
The non-oil sector grew by 2.70 per cent in real terms within the review period.
Lagos commodity exchange underway, receives regulatory endorsement;
The Lagos Commodity and Futures Exchange (LCFE), being promoted by the Lagos State Government, and the Association of Stockbroking Companies of Nigeria (ASHON), may commence operations soon, as the Securities and Exchange Commission (SEC), has granted the promoters approval-in principle.
The ASHON’s Chairman, Patrick Ezeagu, expressed gratitude to SEC for the opportunity, saying the Association is working very hard to complete the installation of its state-of-the-art technology to commence trading.The LCFE’s Acting Managing Director and Chief Executive Officer, Akin Akeredolu-Ale, described the approval as a welcome development.
This, he said, indicates SEC’s dynamism and capacity to empower capital market operators to play a pivotal role in capital formation and wealth creation, and underscored the essence of capacity building to improve efficiency and service delivery.He explained that the trading floor of LCFE’s new corporate office in Lagos, was already wearing a new look as trading technologies, including control room and servers are being installed.
Meanwhile, capital market professionals and journalists will undergo a new phase of strategic training model by the LCFE, as part of the preparations to commence operations. Ezeagu, had at a recent training session, explained that the core objective was to develop the much-needed for the Commodity and Futures Exchange, which ASHON is promoting.
He noted that every aspect of the capital market had been undergoing changes, adding that the professionals that would manage the new platform must have the skills and capacity to operate efficiently.“The market is expanding and the various kinds of market we are operating are equally changing as well. From the purely equities market, we are moving into bonds; and from bonds we are thinking about commodities and derivatives.
“There is lack of capacity by members of ASHON, and we have decided upon ourselves that the best approach is to build capacity from within. We must key into these changes that are taking place to play our role as intermediaries within the market space.“
Me at the water cooler in the office: Haha, those Grammy’s, am I right? 🙃
Valentine’s Day is in a couple days so I wanted to feature a couple scents that make me feel happy whenever I put them on:
💖 @glossier You | A warm sparkly scent that feels like a warm hug.
💖 @commodity* Nectar | A bright and sharp citrus that feels like bright and sunny vacation.
💖 @diptyque Doson | A warm heady floral that features slight hints of nostalgia.
💗 Diptyque Baies | A sweet berry that reminds me of a Sunday brunch.
Fragrances are so personal and emotional. My favorite thing about them is when I get small whiffs of it throughout the day and it just feels like my own little secret. And only the people close to you can really know how you smell.
There’s a lot of scents that I really enjoy but the weirdest is probably that sweet almond hand soap that you sometimes smell in public bathrooms. During my childhood, my mom would drink an almond milk tea in the morning. It’s so funny how something in public bathrooms can bring me back lol. Maybe it’s meant to be 💖🙃.
Do you guys have any weird scents that remind you of anything?
94 7804 days ago
Take care of yourselves and each other. You’re precious and I adore you 🖤