1 / 2 Relevant items tagged with #Indonesia

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Indonesia Freezes World’s License Over Regulatory Violations

[May 5 6:45 PM] Indonesia has temporarily frozen World’s Electronic System Organizer Registration Certificate (TDPSE) due to alleged violations of electronic system regulations. World’s Violation of Electronic System Rules The Indonesian Ministry of Communication…

Indonesia Introduces Bullion Banking to Stabilize Foreign Exchange

[Feb 28 2:35 AM] The country’s authorities opened bullion services in two state-owned institutions and declared that more licenses could follow. Prabowo Subianto, president of Indonesia, stated that this bullion initiative could “help save the country’s…

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

[Jan 26 6:30 AM] Russia and Indonesia are moving toward ruble-rupiah trade settlements as sanctions and Russia’s SWIFT exclusion drive efforts to establish sustainable, dollar-free financial systems. Indonesia-Russia Trade Sees Shift to Ruble and Rupiah Settlements…

Cryptocurrency Trading in Indonesia Reaches $40 Billion in 2024

[Jan 25 5:00 PM] Indonesia’s cryptocurrency trading activity experienced a 335.9% expansion in 2024, reaching Rp 650.61 trillion ($40.2 billion), as reported by the Jakarta Globe. The Commodity Futures Trading Regulatory Agency (Bappebti) attributed this…

Indonesia could be charting new frontiers as a global adoption leader

[Jan 15 2:00 AM] Indonesia emerges as a global Web3 leader with high crypto adoption, a young tech-savvy population and supportive regulations.

BRICS Expands Again – Indonesia Gains Full Membership in Historic Move

[Jan 8 7:30 AM] BRICS has expanded its influence with Indonesia’s entry, marking the bloc’s growing dominance in emerging markets and securing its first full membership from Southeast Asia. Indonesia Joins BRICS: Southeast Asia’s First Seat at the Global Power…

Indonesian cryptocurrency transactions cross $30B for 2024

[Nov 29, 2024 5:11 PM] 2024 transaction totals are up more than 350% year-over-year, but still well below Indonesia’s 2021 highs.

Indonesia Extends Deadline for Crypto Exchange License Requirements Following Regulatory Updates

[Oct 22, 2024 5:42 AM] Exchanges will now have until the last week of November to meet new requirements.

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

[Sep 12, 2024 2:30 AM] India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto…

India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing: Chainalysis

[Sep 11, 2024 12:00 PM] India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption but Indonesia is the fastest growing, according to blockchain analytics firm Chainalysis' annual report released Wednesday.

Indonesian Crypto Exchange Indodax Hacked for $22M; Pauses Activity Before Bigger Hit

[Sep 11, 2024 8:13 AM] The exchange is focused on the Indonesian market and recorded $11 million in trading volumes on Monday.

Binance-Backed Tokocrypto Achieves Major Milestone With Indonesian License

[Sep 10, 2024 12:30 AM] 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…

Binance subsidiary Tokocrypto secures full license in Indonesia

[Sep 9, 2024 12:06 PM] Binance described Tokocrypto as its “subsidiary,” suggesting that it may have a controlling stake in the Indonesian trading platform. 

Binance Unit Tokocrypto Is Third Crypto Exchange to Score Full License in Indonesia

[Sep 9, 2024 11:14 AM] Crypto Exchange Binance subsidiary Tokocrypto has obtained a full license as a Physical Crypto Asset Trader from Indonesia's Commodity Futures Trading Regulatory Agency, known as Bappebti.

Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade

[Sep 1, 2024 1:30 AM] Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk…

Indonesia considering Telegram ban over lack of moderation

[Aug 29, 2024 7:42 AM] Telegram has reportedly failed to improve moderation and issue a resolution over illicit content distribution after several requests from Indonesia.

Indonesia Regulator Forms Crypto Committee to Monitor Industry's Operation, Compliance

[May 8, 2024 1:50 AM] 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

[May 7, 2024 4:31 AM] 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

[Apr 30, 2024 2:51 AM] 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

[Apr 23, 2024 11:33 PM] 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…

Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal

[Mar 28, 2024 2:49 AM] 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

[Mar 17, 2024 11:52 PM] 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

[Mar 13, 2024 6:03 AM] This is part of the preparations for the transition of crypto supervision to OJK by January 2025.

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

[Mar 1, 2024 10:59 AM] Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax.

Indonesia Picks Crypto-Friendly Team in Presidential Election

[Feb 14, 2024 9:30 AM] 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.

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

[Jan 24, 2024 3:33 AM] 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

[Jan 21, 2024 9:00 PM] 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

[Jan 17, 2024 3:23 AM] 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

[Dec 29, 2023 3:51 AM] 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

[Dec 28, 2023 3:42 AM] The government wants to use the crypto bourse to make the ecosystem safer and gather transaction data for tax purposes.