In a statement on Friday, 13 January, Bank Indonesia affirms that virtual currencies, including Bitcoin, are not recognized as legitimate instrument of payment, therefore not allowed to be used for payment in Indonesia. (more…)
*Consumers have access to more than one advertising medium today*
Not allowed to advertise your booze or smokes on a billboard? That’s okay. Research shows online advertising works especially well in places with government ad bans.
“If you want to regulate the offline world, you have to remember that people have access online too and you have to think about how that online world is going to mitigate the effects of your regulation,” said Avi Goldfarb, a marketing professor at the University of Toronto’s Rotman School of Management who co-wrote a study on the topic with Catherine Tucker of MIT’s Sloan School of Management. (more…)
