Tag: Indonesia

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Indonesia Regulator OJK Says Crypto Products Must Be Evaluated in a Sandbox Before Licensing

Indonesia Regulator OJK Says Crypto Products Must Be Evaluated in a Sandbox Before Licensing

"This aligns with our spirit at OJK, particularly in consumer protection and education," Hasan Fawzi, the regulator's head of supervision for financia [...]
Indonesia’s Crypto Market Booms as Transactions Hit $1.92B in February

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. www.coindesk.com [...]
Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

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

Earlier this month, OJK has been teaming up with financial authorities from Malaysia, Singapore, and Dubai to build a comprehensive crypto policy. The [...]
Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms

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

While Bappebti has not specified how it wants the Finance Ministry to revise the taxes, it is likely that it seeks the removal of VAT, to match how st [...]
Indonesia Picks Crypto-Friendly Team in Presidential Election

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 co [...]
Indonesia’s Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin’s Surge

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

On the other hand, bitcoin (BTC) jumped 159% in 2023. Despite this significant market upturn, Indonesia’s crypto tax revenue experienced a downturn, p [...]
Indonesian Crypto Exchanges Blame 60% Drop in Trading Volumes Partly on High Taxes

Indonesian Crypto Exchanges Blame 60% Drop in Trading Volumes Partly on High Taxes

"Both stocks and crypto are tradable assets with profit potential … Thus, implementing the same tax regime for both these investment instruments would [...]
Indonesia Vice Presidential Candidate Promises to Create 'Crypto Experts' as Election Looms

Indonesia Vice Presidential Candidate Promises to Create 'Crypto Experts' as Election Looms

Indonesia's dynamic crypto market is a focus for politicians looking to use it to fuel the country's economic growth. www.coindesk.com [...]
Spending and ethics in focus

Spending and ethics in focus

TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty ImagesConsumers are increasingly turning to s [...]
Biden Strengthens Ties With Indonesia Despite Tensions Over the War in Gaza

Biden Strengthens Ties With Indonesia Despite Tensions Over the War in Gaza

The Biden administration hopes diplomatic comity can withstand any differences over the war in the Middle East as President Joko Widodo of Indonesia v [...]
Indonesia to conduct blockchain trials for public services

Indonesia to conduct blockchain trials for public services

Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to [...]
Indonesia central bank intervenes to balance FX supply-demand, build market confidence-official

Indonesia central bank intervenes to balance FX supply-demand, build market confidence-official

JAKARTA : Indonesia's central bank kept a presence in the foreign exchange market to maintain a supply-demand balance and build market confidence, [...]
SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

Japanese financial holding company SBI Group has announced that its international remittance services arm SBI Remit has partnered with Ripple and SBI [...]
Indonesia launches its crypto exchange and clearing house

Indonesia launches its crypto exchange and clearing house

The national cryptocurrency exchange, announced by the Indonesian government a week ago, has begun to function, according to a statement from the coun [...]
Indonesia to launch crypto exchange in July: Report

Indonesia to launch crypto exchange in July: Report

The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the co [...]
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