Indonesia


Policy

Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal

The initiative is aimed at combating fraud and will kick in at the start of next year.

Indonesia's parliament building (Shutterstock)

Markets

Indonesia’s Crypto Market Booms as Transactions Hit $1.92B in February

The country's registered crypto investors also surged to 19 million users last month.

Jakarta, Indonesia

Policy

Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

This is part of the preparations for the transition of crypto supervision to OJK by January 2025.

Indonesia flag (Bisma Mahendra/Unsplash)

Policy

Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms

Local exchanges have previously blamed falling trading volumes on commodities taxes on crypto.

Indonesia map (Jon Tyson/ Unsplash)

Policy

Indonesia Picks Crypto-Friendly Team in Presidential Election

During the presidential campaign, vice-presidential candidate Gibran discussed crypto and blockchain as a means to expand job opportunities for the country’s younger generation.

Prabowo and Gibran supporters during Indonesia presidential elections on Feb.14 in Jakarta. (Photo by Oscar Siagian/Getty Images)

Policy

Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's Surge

The country's tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced.

Indonesia flag (Bisma Mahendra/Unsplash)

Policy

Why Indonesia’s Upcoming Elections Could Make or Break the Country’s Vibrant Crypto Sector

Not all leading candidates have been vocal about crypto – but scattered remarks offer clues about where the industry might be headed under their leadership.

Indonesia flag (Bisma Mahendra/Unsplash)

Policy

Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes

Indonesian crypto exchanges saw a 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.

Down Arrow spray painted on a brick wall (Shutterstock)

Policy

Indonesian Authorities Crack Down on Bitcoin Miners Stealing Electricity From National Grid

The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations.

A photo of four mining rigs

Policy

Indonesian Crypto Exchanges Must Register With New Bourse or Face Shutdown

The government wants to use the national crypto bourse to make the ecosystem safer and gather transaction data for tax purposes.

Indonesia map (Jon Tyson/ Unsplash)

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