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Over 60% of crypto investors in Indonesia are under 30
29.10.2024
The total volume of crypto transactions in Indonesia reached 33.67 trillion Indonesian rupiahs, worth $2.1 billion, in September.
Indonesian postal service launches NFT stamps
1.10.2024
Indonesia’s state-owned postal service has launched a physical postage stamp with an NFT counterpart.
Binance Helps Indonesian Authorities Recover Funds in Crypto Fraud Bust
25.9.2024
Crypto exchanges Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing the accounts that received the stolen funds were arrested,”...
Indonesian Crypto Exchange Hit by $20.5M Hack, Lazarus Group Suspected
11.9.2024
Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been stolen. Some experts suspect the North Korean...
Indonesian Crypto Exchange Indodax Hacked for $22M; Pauses Activity Before Bigger Hit
11.9.2024
The exchange is focused on the Indonesian market and recorded $11 million in trading volumes on Monday
Indonesian crypto exchange Indodax goes offline after suspected $22M hack
11.9.2024
The breach compromised hot wallets on Indodax, resulting in the loss of Bitcoin, Ether, Tron, Polygon, and Optimism. Indodax has temporarily suspended operations
Binance-Backed Tokocrypto Achieves Major Milestone With Indonesian License
10.9.2024
Crypto exchange Tokocrypto, a part of Binance Group, has achieved a major milestone by securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), allowing it to operate as a licensed crypto asset trader. This move highlights...
Binance subsidiary Tokocrypto secures full license in Indonesia
9.9.2024
Binance described Tokocrypto as its "subsidiary," suggesting that it may have a controlling stake in the Indonesian trading platform.
Payment platform Mercuryo integrates crypto on-ramp with Indonesian banks
22.7.2024
Mercuryo integrates crypto on-ramp solutions in Indonesia, enabling users to convert their Indonesian Rupiah into 40 digital tokens, including BTC, ETH, and USDT
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
Australian, Indonesian Tax Bodies Sign Agreement to Share Crypto Information
25.4.2024
The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and share knowledge to ensure adherence to tax obligations. Agreement Underscores Two Countries’...
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...
Indonesian College Student Behind NFT Selfies Success Returns with $1.8 Million Meme Coin Presale
25.3.2024
Sultan Gustaf Al Ghozali, the Indonesian college student who became an internet sensation in 2022 for selling millions of dollars worth of NFTs featuring his daily selfies, is back in the spotlight with a meme coin project.
The post Indonesian College Student Behind NFT Selfies Success Returns with...
Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023
24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...
Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
17.1.2024
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 Raid Ten Crypto Mining Facilities for Energy Theft
29.12.2023
Source: AdobeStock / Photocreo Bednarek Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose...
Indonesian Authorities Crack Down on Bitcoin Miners Stealing Electricity From National Grid
29.12.2023
The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations
Indonesia to Require Cryptocurrency Exchanges to Register with Country’s National Digital Asset Bourse
28.12.2023
Image Source: Pixabay The Indonesian government has announced that all cryptocurrency exchanges operating within the country will be required to register with the newly established Commodity Future Exchange (CFX). Launched earlier this year, the CFX is the world’s first national bourse...
Indonesian Crypto Exchanges Must Register With New Bourse or Face Shutdown
28.12.2023
The government wants to use the crypto bourse to make the ecosystem safer and gather transaction data for tax purposes