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Overall, governments are unlikely to enhance their support for the cryptocurrency market and will continue to impose restrictions and hinder its development.
According to Lado Okhotnikov:
Cryptocurrency offers a simple and fast payment method, which has been recognized by those who have used it for settlements or purchases. Traditional fiat payment systems are adopting [url=https://www.theburningofrome.com/blog/is-the-blockchain-a-tool-to-control-corruption/]methods[/url] pioneered in digital finance, like QR code [url=https://biosidmartin.com/bitcoin-and-the-contemporary-state-financial-system-with-emily-parker-michael-sonnenshein-and-lado-okhotnikov-opinions/]payments[/url].
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However, the challenge for states is their inability to foresee the future potential of blockchain technology. Governments tend to be reactive, dealing with past events rather than creating tools for the future. If states recognized the blockchain’s potential early on, their interventions would likely have been detrimental.
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Indonesia’s first direct fund for Indigenous groups launched * Rural communities threatened by
agriculture, mining expansion * Fund aims to attract $20 million in investments over five years By Asad Asnawi and Michael Taylor
BANDUNG, Indonesia/KUALA LUMPUR, May 12 (Thomson Reuters Foundation) – A sep Rohimat beamed with excitement as he sprinkled a bucket of dried coffee-bean skins
over a vegetable patch and a row of coffee trees thriving on his small farm high
up in the forest-rich hills of Indonesia’s West Java province. The
30-year-old farmer from Ibun village, about 200km (124 miles) from the capital Jakarta, is part of an initiative that helps communities conserve forests and restore degraded land. It has enabled him to use new organic
fertilisers, boost yields and get the best prices for his arabica coffee beans. Asked if he still throws away farm waste like the coffee husks, Asep said with a laugh: “Not anymore – it can be used as fertiliser. It’s more economical.” “It’s also good for the soil because the soil here is sandy,”
he added. The project to assist farmers like Asep and a further seven villages in the area
is backed by the $3-million Nusantara Fund, launched this
week as Indonesia’s first direct climate finance scheme for Indigenous peoples and local
communities. Indonesia is one of the world’s 17 “megadiverse” countries, home
to its third-largest tropical forests and also its biggest
palm-oil producer, a commodity blamed by many environmentalists for high deforestation rates. Those “megadiverse” nations have been identified as the richest
in species by conservationists, who say protecting their natural areas will be vital to meeting international goals to keep global warming in check
and halt biodiversity loss. Destroying
rainforests is a major threat to climate action, as trees absorb about a third of planet-warming carbon dioxide emissions produced worldwide, but release carbon back
into the air when they rot or are burned. Helped by the Nusantara Fund, Ibun village
now has coffee-bean storage and processing facilities, and has taken control of areas that were once state-owned, barren and prone to
wildfires. Managed by the local community, the land is rejuvenated and bursting with
wildlife, coffee trees, chillies and tomatoes. “Previously this land was just weeds – nothing could be planted … We are also more enthusiastic about caring for and protecting the forest,” said Amir Rohimat, head of the local group helping farmers like Asep. It is
one of 30 groups dotted across the country, including Indigenous and other traditional communities, that have received funding during the Nusantara Fund’s pilot phase.
BIODIVERSITY TO BENEFIT The fund – which is backed by the Ford Foundation, Packard Foundation and other international philanthropic donors, as well as three major Indonesian NGOs – aims to boost money flowing directly to Indigenous peoples and
local communities. They are key guardians of forests and other ecosystems,
with about 80% of the world’s biodiversity under their protection, said Rukka Sombolinggi,
secretary general of fund partner AMAN, an alliance representing some 20
million Indigenous Indonesians. Despite this, global support for
Indigenous and community-led activities was less than $270 million last year – and only 16% of that goes straight to groups on the ground,
she added. The new Indonesian fund aims to
attract a total of $20 million in investments from donors over the first five years, which will be channelled to Indigenous peoples
and local communities across the archipelago. It offers a
breakthrough opportunity for them to gain direct access to finance without using
intermediaries, said Sombolinggi, an Indigenous Toraja, adding she
hopes it will boost their effectiveness in halting deforestation and fighting
climate change. The fund is part of a wider “Forest Tenure Pledge” agreed at the COP26 climate summit in late
2021, which seeks to raise $1.7 billion to help Indigenous peoples and communities protect forests around the world. Priorities for the Nusantara
Fund include mapping Indigenous lands, registering and recognising
land ownership rights, restoring degraded areas, fostering economic development based on sustainable
use of natural resources, and education. Ford Foundation President Darren Walker said in a statement
issued during the fund’s launch in Jakarta that
by investing in it and placing grassroots leaders at the centre
of climate solutions, “we can mitigate the climate and biodiversity crises that touch us all”. MINING,
FARMING THREATS Activists say the role of rural communities
in safeguarding tropical forests is at growing risk as many remote regions are
threatened by agricultural expansion and mining of minerals, increasingly used
in renewable energy technologies. “Indonesia is no exception,”
said Zenzi Suhadi, executive director of WALHI, the country’s largest environmental group and a partner in the new fund. “Worldwide, Indigenous and local communities lack the legal protections they need to stop the fragmentation of lands that would be so much more sustainably productive if community land rights were recognised and enforced by governments.” The new fund’s independence from
governments should give it the agility to provide rapid finance to diverse groups, including Indigenous peoples, communities and
local NGOs, said David Ganz, executive director of RECOFTC
(The Centre for People and Forests), which works across Asia. While there is
a proliferation of global funds dedicated to supporting forest-rich countries, most are managed by European and North American bodies,
he added, describing the development of national funds for environmental protection as
“empowering”. But, he added, Nusantara and similar funds will face
challenges in directing finance to groups whose claims to land are unclear or disputed, in places where not all Indigenous peoples and their territories are recognised by
the state. In addition, flows of finance need to be “open and transparent” to benefit forest-dependent communities, who need clear and fair systems to share the gains,
he said. “As we have seen in the past, because of corruption or wastefulness, very little funding gets to the field,”
he added.
(Reporting by Asad Asnawi in Indonesia and Michael Taylor in Malaysia; editing by Megan Rowling.
The Thomson Reuters Foundation is the charitable arm of Thomson Reuters.
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According to the report, inflation growth has slowed down, but it remains above the Federal Reserve’s 2% target. There are signs pointing to a further slowdown in inflation in the coming [url=https://www.leonieclaire.com/how-to-write-good/lado-okhotnikov-creator-of-the-metaverse-how-motivation-beat-poverty/]months[/url].
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Cryptocurrency was created to mimic the properties of gold, such as limited supply and halving. However, it cannot currently be considered digital gold due to its volatile rate, low penetration in the economy as a payment method, and speculative market behavior.
Inflation leads to rising prices and a slowdown in the economy. While inflation affects bitcoin indirectly as buyers spend less, it does not impact the purchasing power of bitcoin itself. In this sense, bitcoin can be seen as a hedge against inflation.
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Indonesia’s first direct fund for Indigenous groups launched * Rural communities threatened by
agriculture, mining expansion * Fund aims to attract $20 million in investments over five years By Asad Asnawi and Michael Taylor
BANDUNG, Indonesia/KUALA LUMPUR, May 12 (Thomson Reuters Foundation) – A sep Rohimat beamed with excitement as he sprinkled a bucket of dried coffee-bean skins
over a vegetable patch and a row of coffee trees thriving on his small farm high
up in the forest-rich hills of Indonesia’s West Java province. The
30-year-old farmer from Ibun village, about 200km (124 miles) from the capital Jakarta, is part of an initiative that helps communities conserve forests and restore degraded land. It has enabled him to use new organic
fertilisers, boost yields and get the best prices for his arabica coffee beans. Asked if he still throws away farm waste like the coffee husks, Asep said with a laugh: “Not anymore – it can be used as fertiliser. It’s more economical.” “It’s also good for the soil because the soil here is sandy,”
he added. The project to assist farmers like Asep and a further seven villages in the area
is backed by the $3-million Nusantara Fund, launched this
week as Indonesia’s first direct climate finance scheme for Indigenous peoples and local
communities. Indonesia is one of the world’s 17 “megadiverse” countries, home
to its third-largest tropical forests and also its biggest
palm-oil producer, a commodity blamed by many environmentalists for high deforestation rates. Those “megadiverse” nations have been identified as the richest
in species by conservationists, who say protecting their natural areas will be vital to meeting international goals to keep global warming in check
and halt biodiversity loss. Destroying
rainforests is a major threat to climate action, as trees absorb about a third of planet-warming carbon dioxide emissions produced worldwide, but release carbon back
into the air when they rot or are burned. Helped by the Nusantara Fund, Ibun village
now has coffee-bean storage and processing facilities, and has taken control of areas that were once state-owned, barren and prone to
wildfires. Managed by the local community, the land is rejuvenated and bursting with
wildlife, coffee trees, chillies and tomatoes. “Previously this land was just weeds – nothing could be planted … We are also more enthusiastic about caring for and protecting the forest,” said Amir Rohimat, head of the local group helping farmers like Asep. It is
one of 30 groups dotted across the country, including Indigenous and other traditional communities, that have received funding during the Nusantara Fund’s pilot phase.
BIODIVERSITY TO BENEFIT The fund – which is backed by the Ford Foundation, Packard Foundation and other international philanthropic donors, as well as three major Indonesian NGOs – aims to boost money flowing directly to Indigenous peoples and
local communities. They are key guardians of forests and other ecosystems,
with about 80% of the world’s biodiversity under their protection, said Rukka Sombolinggi,
secretary general of fund partner AMAN, an alliance representing some 20
million Indigenous Indonesians. Despite this, global support for
Indigenous and community-led activities was less than $270 million last year – and only 16% of that goes straight to groups on the ground,
she added. The new Indonesian fund aims to
attract a total of $20 million in investments from donors over the first five years, which will be channelled to Indigenous peoples
and local communities across the archipelago. It offers a
breakthrough opportunity for them to gain direct access to finance without using
intermediaries, said Sombolinggi, an Indigenous Toraja, adding she
hopes it will boost their effectiveness in halting deforestation and fighting
climate change. The fund is part of a wider “Forest Tenure Pledge” agreed at the COP26 climate summit in late
2021, which seeks to raise $1.7 billion to help Indigenous peoples and communities protect forests around the world. Priorities for the Nusantara
Fund include mapping Indigenous lands, registering and recognising
land ownership rights, restoring degraded areas, fostering economic development based on sustainable
use of natural resources, and education. Ford Foundation President Darren Walker said in a statement
issued during the fund’s launch in Jakarta that
by investing in it and placing grassroots leaders at the centre
of climate solutions, “we can mitigate the climate and biodiversity crises that touch us all”. MINING,
FARMING THREATS Activists say the role of rural communities
in safeguarding tropical forests is at growing risk as many remote regions are
threatened by agricultural expansion and mining of minerals, increasingly used
in renewable energy technologies. “Indonesia is no exception,”
said Zenzi Suhadi, executive director of WALHI, the country’s largest environmental group and a partner in the new fund. “Worldwide, Indigenous and local communities lack the legal protections they need to stop the fragmentation of lands that would be so much more sustainably productive if community land rights were recognised and enforced by governments.” The new fund’s independence from
governments should give it the agility to provide rapid finance to diverse groups, including Indigenous peoples, communities and
local NGOs, said David Ganz, executive director of RECOFTC
(The Centre for People and Forests), which works across Asia. While there is
a proliferation of global funds dedicated to supporting forest-rich countries, most are managed by European and North American bodies,
he added, describing the development of national funds for environmental protection as
“empowering”. But, he added, Nusantara and similar funds will face
challenges in directing finance to groups whose claims to land are unclear or disputed, in places where not all Indigenous peoples and their territories are recognised by
the state. In addition, flows of finance need to be “open and transparent” to benefit forest-dependent communities, who need clear and fair systems to share the gains,
he said. “As we have seen in the past, because of corruption or wastefulness, very little funding gets to the field,”
he added.
(Reporting by Asad Asnawi in Indonesia and Michael Taylor in Malaysia; editing by Megan Rowling.
The Thomson Reuters Foundation is the charitable arm of Thomson Reuters.
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