The Indonesian government is reportedly weighing the use of Bitcoin as a reserve asset, according to Bitcoin Indonesia.
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Category: Indonesia
MEXC Backs Indonesia’s Crypto Exchange Triv at $200M Valuation to Expand Southeast Asia Footprint
MEXC Ventures has taken a strategic bet on Indonesia’s growing crypto market, investing in Triv at a $200 million valuation.
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Indonesia’s Crypto Tax Revenue Skyrockets 181% – But Volatility Raises Red Flags
Indonesia’s crypto tax has logged its highest take, 620 billion rupiah in 2024, after rule updates and 650 trillion-rupiah trading volumes. With 20 million users, mainly under 30, officials now see 2025 revenue sliding as price swings and new exchange levies reshape activity.
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Indonesia Hikes Crypto Taxes Up to 5x Starting August 1, Mining VAT Doubles to 2.2%
Indonesia has implemented sweeping cryptocurrency tax increases effective August 1, raising transaction taxes up to five times higher while doubling mining VAT rates, as the government seeks to capture more revenue from the booming $39.67 billion crypto market.
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Indonesia Scrambles to Meet Deadline for Crypto Oversight Transfer to OJK
Indonesia’s crypto oversight transfer to OJK, slated for Jan. 2025, faces delays due to the absence of required government regulations.
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Bank Indonesia Completes Proof of Concept for Digital Rupiah: What’s Next?
Bank Indonesia has completed the first digital Rupiah, advancing the development of a CBDC for the country.
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Indonesia’s 2024 Crypto Transactions Exceed $30B with 21M Traders
Indonesia’s cryptocurrency market has surged to over $30 billion in transactions as of October 2024, with 21 million traders, reflecting a remarkable 352% growth from the previous year and solidifying its position as a leading global crypto adopter.
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Over 60% of Young Indonesians Invest in Crypto: Report
New data from Bappebti shows that 60% of Indonesian crypto investors are under 30, indicating a strong youth presence in the market. As young Indonesians turn to crypto, regulators are stepping up to ensure safer trading and oversight, reflecting the growing role of digital assets in the country’s investment landscape.
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Indonesia Extends Deadline for Crypto Exchange Licenses
The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has extended the deadline for crypto exchanges to obtain a Physical Crypto Asset Traders (PFAK) license until late November 2024, allowing more time for compliance with updated regulations.
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Binance and Tokocrypto Work With Indonesian Authorities to Tackle Crypto Fraud
Binance and its Indonesian subsidiary Tokocrypto worked with Indonesia’s Criminal Investigation Agency to crack down on crypto fraud.
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