Indonesia sees a surge in crypto investors, hitting 18.25 million in November 2023, driven by a 62.8% spike in transaction values. Optimism surrounds the country's crypto future, buoyed by anticipated Bitcoin halving and growing regulatory support.
JoyIndonesia is tightening its grip on cryptocurrency operations, introducing mandatory registration with the national exchange. This move, fueled by local demand, aims to bring transparency and control to the crypto space. However, crypto exchanges must act swiftly to meet the August 17, 2024, deadline, or face automatic suspension from operations in Indonesia
SanyaThe opening of this new exchange is intended to protect consumers, and will function as a futures clearing house as well.
ClementThe 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.
Coinlive The country sees the tokens as a way to boost its economy.
CoindeskThe 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.
CoindeskIndonesian Islamic organization NU says cryptocurrencies are too volatile to be legalized under Islamic law.
CointelegraphThe 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.
CointelegraphThe government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork.
CointelegraphSome of Indonesia's best-known celebs have helped fan the flames of interest in digital assets.
Cointelegraph