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Indonesia Regulator Forms Crypto Committee to Monitor Industry's Operation, Compliance
8.5.2024
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
7.5.2024
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
30.4.2024
Indonesia’s presidential election in February initially ended in controversy when the winning duo claimed victory before official results were released
Indonesian President Cautions Against Crypto in Money Laundering Risks
24.4.2024
Indonesian President Joko Widodo highlights the significant risks of money laundering through crypto asset and NFT transactions, citing $8.6 billion in suspicious activities in 2021.
The post Indonesian President Cautions Against Crypto in Money Laundering Risks appeared first on Cryptonews
Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs
24.4.2024
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...
Indonesia, Australia Authorities Ink Crypto Taxation Deal
24.4.2024
Indonesia and Australia’s taxation authorities on Monday signed a pact in Jakarta to establish a crypto information-sharing arrangement.
The post Indonesia, Australia Authorities Ink Crypto Taxation Deal appeared first on Cryptonews
Roblox Boss: We Aren't Exploiting Child Labor, We're Giving Kids In ‘The Slum’ A Job
4.4.2024
Roblox is one of the biggest games in the world, letting people (who are mostly under 16 years old) create and play their own custom creations and share them with others. Roblox has also been at the center of controversy, as some believe the game exploits child labor and doesn’t do enough...
Crypto Firms to Undergo Regulatory Sandbox Evaluation Before Licensing in Indonesia
28.3.2024
Starting in January 2025, crypto firms seeking to operate in Indonesia must undergo evaluation in a regulatory sandbox to pass licensing.
The post Crypto Firms to Undergo Regulatory Sandbox Evaluation Before Licensing in Indonesia appeared first on Cryptonews
Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal
28.3.2024
The initiative is aimed at combating fraud and will kick in at the start of next year
Indonesia’s Crypto Transactions Skyrocket to $1.92 Billion in February
18.3.2024
Indonesia has witnessed an impressive surge in cryptocurrency transactions, with the total reaching IDR 30 trillion ($1.92 billion) in February, according to the country's crypto regulator.
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Indonesia’s Crypto Market Booms as Transactions Hit $1.92B in February
18.3.2024
The country's registered crypto investors also surged to 19 million users last month
Indonesia’s OJK releases amended regulations for crypto
14.3.2024
The financial services regulator of Indonesia, the Financial Services Authority (OJK), has released a fresh set of regulations for the crypto industry. This is pertaining to the execution of technological inventiveness within the financial arena and will come into effect from January 2025. This...
Indonesia’s Financial Regulator Issues New Crypto Regulations Ahead of January 2025 Transition
13.3.2024
The Financial Services Authority (OJK), Indonesia's financial services watchdog, has released new rules to bring technological innovation to the financial industry. These rules will cover cryptocurrencies beginning in January 2025.
The post Indonesia’s Financial Regulator Issues New Crypto...
Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry
13.3.2024
This is part of the preparations for the transition of crypto supervision to OJK by January 2025
Indonesia sees a 62% fall in cryptocurrency tax revenue
5.3.2024
Indonesia encountered a significant 62% reduction in its cryptocurrency tax revenue for the year 2023, notwithstanding the noteworthy appreciation of Bitcoin’s worth. Throughout the year, cryptocurrency transactions generated a cumulative tax revenue of $31.7 million. The purported cause...
Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime
4.3.2024
Cryptocurrencies are treated as a commodity in Indonesia and is currently subject to 0.11% value-added tax and 0.1% income tax.
The post Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime appeared first on Cryptonews
Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes
4.3.2024
The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue from crypto-based transactions has been surpassing that generated from fintech...
Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms
1.3.2024
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax
Indonesia’s Presidential Election Sees Crypto-Friendly Team in the Running
14.2.2024
Indonesia former Defense Minister Prabowo Subianto has declared victory in the presidential election following unofficial vote counts indicating a significant lead, potentially securing a single-round win in his third bid for the presidency. Subianto, along with his pro-crypto running mate Gibran...
Indonesia Picks Crypto-Friendly Team in Presidential Election
14.2.2024
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