Indonesia News

Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.

Indonesia has introduced a national crypto asset exchange and clearing house to foster transparency and security for digital asset investors

Foreign tourists visiting Bali, Indonesia cannot use crypto assets like bitcoin or USDT for payment

Binance has officially acquired Tokocrypto while there's still uncertainty regarding cryptocurrencies in Indonesia.

The Indonesia c.bank has launched a white paper on planned digital rupiah that will emphasize the Bank Indonesia’s (BI) role as the sole authority to issue legal tender. Indonesian government joins bandwagon to ring-fence crypto The Indonesia central bank unveiled…

Indonesia’s Trade Ministry plans to enact tight rules on cryptocurrency exchanges within its borders to give the local administration more control over digital asset transactions. Indonesian Exchanges Chocked by the Trade Ministry The Trade ministry plans to achieve more DeFi…

The Indonesian Ministry of Trade recently revealed that crypto taxes will finally be applicable to crypto investors in the country. This announcement also highlighted that the income tax and VAT will apply to capital gains and crypto transactions, respectively.  Taxation…

The top regulatory body in Indonesia has told financial firms in the country to stay clear of facilitating all transactions that involve cryptocurrency. Indonesia’s watchdog cited concerns regarding market volatility and investor protection. Financial Service Providers Not Allowed To Touch…

The Bank of Indonesia (BI) has banned the use of cryptocurrency as a means of payment, stating that the payment method is not legitimate in the country.  Crypto as Payment Tool Not Legitimate in Indonesia According to Tempo on Tuesday…

Bank Indonesia (BI), the central bank of the Republic of Indonesia, has joined other apex banks globally to explore central bank digital currency (CBDC), as the bank is planning to launch its digital currency amid a spike in online transactions.…

Indonesia is mulling imposing tax on profits gotten from cryptocurrency trading, as the nascent industry sees exponential growth in the Southeast Asian country. Indonesia Could Impose Tax on Crypto Trading According to Reuters on Tuesday (May 11, 2021), an Indonesian…

In an effort to curb illegal use of bitcoin and other blockchain-based cryptocurrencies, and make it easier for law enforcement agents to recognize and fight crypto-fueled crimes, the Indonesian government is hosting an international conference made up of Turkey, Singapore,…

Blockchain technology, the building blocks of bitcoin (BTC) and other cryptoassets proved once more that it is more than just hype by enabling the results of 25 million votes out of 193 million to be obtained within a few hours,…

Crypto can now be traded legally as a commodity in Indonesia thanks to a new regulation that grants it this new legal status, as reported by KrASIA, February 15, 2019. Let the Trading Begin The crypto community in Indonesia has…

Go-Jek, a fast-growing Indonesian ride-hailing startup, made a significant investment on January 18, 2019, in Coins.Ph, which began as a crypto exchange service but has since diversified to a mobile wallet service offering various features for its five million registered…

The Central Bank of Indonesia has released a press statement restating its firm rejection of all cryptocurrency-based transactions in the country, citing potential dangers to both individuals and the economy as a whole. Managing Risk and Regulation in the Region…