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Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May
4.4.2022
The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchases. Indonesia to Start Taxing Crypto Income at 0.1% The Indonesian Directorate General of Taxes,...
Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading
26.1.2022
Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes under the guise of crypto. Indonesian Regulator’s...
Indonesian regulator takes cue from Islamic NGOs, bars crypto sales for institutions
25.1.2022
The warning from the Financial Services Authority (OJK) comes on the heels of several calls for a crypto ban from Islamic NGOs in the country
Indonesian Regulator Warns About Cryptoasset Offers, Sales by Financial Services Companies
25.1.2022
As major crypto industry players are intensifying efforts to access the Indonesian market, the country’s regulator Financial Services Authority (OJK) has reminded market participants that financial services companies are not allowed to offer and facilitate sales of cryptoassets.
The agency said...
Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population
21.1.2022
Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons...
Indonesian Islamic organization issues new fatwa against crypto use
20.1.2022
The fatwa pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool as well as a medium of exchange
22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea
16.1.2022
Ghozali spent five years clicking selfies in front of his computer, which was later converted into NFTs and uploaded to OpenSea in December 2021
Binance Developing Crypto Exchange in Indonesia
19.12.2021
Binance has formed a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange.” Binance Building Cryptocurrency...
Binance to Build New Crypto Exchange with Indonesian Telco
16.12.2021
Binance, the renowned crypto exchange, recently announced a partnership with PT Telkom Indonesian arm, MDI Ventures. The collaboration will see Binance developing a new crypto exchange for the region. Both organizations issued a joint announcement recently stating how they will cater to 240 million...
Binance partners with Indonesian telco to develop new crypto exchange
15.12.2021
Binance has partnered with state-owned PT Telkom Indonesia to establish a digital asset exchange in the country
Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto
2.12.2021
Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said...
Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims
11.11.2021
Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency...
Major Indonesian Islamic organization declares crypto 'haram' — or forbidden
29.10.2021
The Indonesian Islamic group NU says crypto is too volatile to be legal under Islamic law
Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency
28.10.2021
A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice...
Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars
25.9.2021
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered...
Indonesian crypto exchange Pintu raises $35M in Series A
9.8.2021
Pintu’s backers believe the exchange has the potential to become one of crypto’s leading brands in Indonesia and Southeast Asia more broadly
Binance-backed Indonesian crypto exchange considers IPO
2.6.2021
Jakarta-based Tokocrypto received an undisclosed investment from Binance in May 2020
Coinbase leads $6M funding for Indonesian crypto exchange
26.5.2021
Pintu is a new cryptocurrency exchange in Indonesia, licensed as a crypto broker under Bappebti and the Ministry of Communication and Informatics
Indonesian regulators consider tax on cryptocurrency transactions
27.4.2021
Officials are considering a tax on all cryptocurrency transactions in Indonesia
Indonesian Govt To Launch Crypto Exchange to Get a Piece of Crypto Pie
26.3.2021
The Indonesian deputy minister of trade Jerry Sambuaga has announced that his ministry will launch its own crypto exchange in the near future. The initiative will allow the government to capture a share of the country’s booming crypto sector, with last year’s cryptoasset-related trade estimated...