Indonesia

Highlights: Robinhood expands in Indonesia through two acquisitions supported by strong local crypto activity. Local licenses help Robinhood enter the market faster and meet rising regulated-service demand. Indonesia’s high adoption ranking and fast trading growth strengthen Robinhood’s long-term regional plans. […]

Highlights: The Digital Rupiah will be issued by Bank Indonesia, backed by government bonds. The digital stablecoin is designed to incorporate blockchain into the nation’s monetary system. Indonesia ranks seventh in the world in terms of crypto adoption. Bank Indonesia […]

Highlights: Indonesia may use BTC as a reserve asset to strengthen its long-term financial position. Officials talked about Bitcoin mining, teaching people about it, and using it for the country’s reserves. Recently, crypto tax rates have risen in Indonesia as […]

Highlights: Indonesia will raise its crypto trade taxes, with foreign transactions facing the highest rate. Crypto buyers in Indonesia will no longer pay VAT under the new rules beginning next month. Mining services in Indonesia will face double VAT, while […]

Highlights: Indonesian authorities have temporarily banned World Network and WorldID operations in the country. The regulators cited a data privacy breach as the reason for the suspension. The nation’s ministry also accused World Network of failing to register as an […]

Highlights: Indodax suspended operations after a $22 million hack. The hacker converted stolen funds into Bitcoin, Ethereum, POL, and Tron. Yosi Hammer links the Indodax attack to North Korea’s Lazarus group. Indonesian cryptocurrency exchange Indodax has reportedly suffered a security […]

Highlights: Tokocrypto, a Binance subsidiary, obtained a full license in Indonesia, solidifying its position in the country’s crypto market. The PFAK license allows Tokocrypto to operate fully as a physical crypto-asset trader, marking a major milestone in Indonesia’s Web3 sector. […]

Indonesia’s crypto tax revenue grows exponentially due to increased crypto transactions within the state. With the crypto tax rules enforced on May 1, 2022, the blockchain industry contributed billions to the national economy. Data from the Directorate General of Taxes […]