Indonesia

Trump’s “Liberation Day” policy enacts sweeping tariffs, starting at 10%, with steep levies on China (34%), the EU (20%), Taiwan (32%), and Israel (17%). Markets have reacted sharply, wiping out Bitcoin’s recent gains. Is a global trade war imminent?

Indonesian authorities are investigating a cryptocurrency scam where victims were tricked into transferring large sums to bank accounts, including those linked to Bank Central Asia (BCA). BCA has responded by pledging full cooperation with law enforcement and urging customers to stay vigilant against fraud.

Indonesia is considering a law to restrict social media access for children to protect them from online dangers, though concerns about privacy and data security have arisen. Many parents support the measure, but advocates call for a balance between child protection and digital rights.

Five South Korean fugitives were arrested in Muntinlupa for a $2.9 million cryptocurrency scam, while a sixth was caught in Pasay for larceny. Separately, an Indonesian drug courier was denied entry at NAIA and sent back to Bangkok.

A recent study have found that the majority of crypto investors in Indonesia are millennials.

Indonesia's regulatory agency, Bappebti, has extended the deadline for crypto exchanges to obtain a Physical Crypto Asset Trader (PFAK) license until the end of November 2024. This extension allows exchanges more time to comply with updated regulations and aims to strengthen the digital asset market in the country.

Indonesia is denying the all new Apple iPhone 16 from the local market, sparking massive debate among the country's netizens.

Indonesia has firmly rejected the entry of e-commerce platform Temu, citing fears that it could harm the country's micro, small, and medium enterprises (MSMEs).

Indonesia's first NFT postage stamp, featuring the Cenderawasih bird, was launched on September 27, 2024, to celebrate the 79th anniversary of the Indonesian Post. This collectible item, available in limited quantities, aims to attract younger collectors and enhance the traditional stamp hobby through blockchain technology, ensuring authenticity and security.

Binance and Indonesian authorities have successfully shut down a $200K scam operation, showcasing the importance of collaboration in tackling financial fraud in the crypto space.