Indonesia and Australia Forge Crypto Tax Alliance
Indonesia and Australia unite in a crypto information-sharing pact to enhance tax compliance and support economic growth through transparent financial technologies collaboration.
![image Bernice](https://image.coinlive.com/24x24/cryptotwits-static/52e17420f35b41e71300bedaa9b02c8b.png)
Indonesia and Australia unite in a crypto information-sharing pact to enhance tax compliance and support economic growth through transparent financial technologies collaboration.
Researchers from PayPal's Blockchain Group propose incentivizing Bitcoin miners to adopt greener practices using economic principles, potentially reducing Bitcoin's environmental impact significantly.
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.
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 Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities.
The country sees the tokens as a way to boost its economy.
Some of Indonesia's best-known celebs have helped fan the flames of interest in digital assets.