The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia.
Indonesian Authorities Bust Synthetic Marijuana Lab Supported by Crypto
The syndicate had been operating for six months before being apprehended last week.
Indonesia’s Election Results May Be Good for Crypto, Industry Watchers Say
Indonesia’s presidential election in February initially ended in controversy when the winning duo claimed victory before official results were released.
Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs
Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the National Movement for Anti-Money Laundering and Terrorism Financing Prevention at the State Palace, Jakarta.
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 Crypto Market Booms as Transactions Hit $1.92B in February
The country’s registered crypto investors also surged to 19 million users last month.
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.
Thailand’s SEC Greenlights Investment From Institutional and Wealthy Individuals in Crypto ETFs
Earlier this year, the regulator had denied permission to trade bitcoin ETFs.
Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax.
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.
Thailand’s SEC Breaks New Ground in 2024 With Crypto-Friendly Rules
Thailand’s SEC has updated its rules by removing retail investors’ limits for asset-backed tokens, creating new rules for custodians and giving them a larger role in monitoring digital asset business.
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.
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.
Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
Indonesian crypto exchanges saw a sharp 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.
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.
Indonesian Crypto Exchanges Must Register With New Bourse or Face Shutdown
The government wants to use the crypto bourse to make the ecosystem safer and gather transaction data for tax purposes.
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.