Indonesian Police Dismantle Major Bitcoin Mining Scheme
Indonesian police dismantle a vast Bitcoin mining operation for illegal electricity use, echoing similar international incidents.

Indonesian police dismantle a vast Bitcoin mining operation for illegal electricity use, echoing similar international incidents.
The opening of this new exchange is intended to protect consumers, and will function as a futures clearing house as well.
The project, which has been in progress since December 2021, gained momentum with the endorsement of Pang Hue Kai, CEO of Tokokrypto, a licensed Indonesian crypto exchange partly owned by Binance.
The Indonesian government sees the exchange as a means of protecting consumers as interest in digital currencies has risen, deputy trade minister Jerry Sambuaga said on Wednesday.
Navin Jain, an executive at Mastercard Indonesia, said that Mastercard will support Fasset’s efforts to drive financial inclusion in the country.
Indonesian Islamic organization NU says cryptocurrencies are too volatile to be legalized under Islamic law.
Binance has partnered with Indonesian state-owned telecommunications company PT Telkom Indonesia to establish a digital asset exchange in the country.
The Indonesian government is reportedly still figuring out how to implement a cryptocurrency tax, but legislation passed in response to the pandemic lays the groundwork for it.
The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork.