Project Garuda takes flight: First phase of Indonesia’s Digital Rupiah achieved

Bank Indonesia has successfully completed the Proof of Concept (PoC) for its Wholesale Rupiah Digital Cash Ledger.

Indonesia Extends Deadline for Crypto Exchange License Requirements Following Regulatory Updates

Exchanges will now have until the last week of November to meet new requirements.

Indonesian Crypto Exchange Indodax Hacked for $22M; Pauses Activity Before Bigger Hit

The exchange is focused on the Indonesian market and recorded $11 million in trading volumes on Monday.

Indonesia’s Election Results May Be Good for Crypto, Industry Watchers Say

Indonesia’s presidential election in February initially ended in controversy when the winning duo claimed victory before official results were released.

Indonesia and Australia sign agreement on crypto taxation

Indonesia and Australia’s tax officials signed an agreement in Jakarta on April 22 to establish a crypto information-sharing framework. This agreement, unveiled on April 23, aims to improve the identification of assets that may be taxed in either country. It…

Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs

Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the National Movement for Anti-Money Laundering and Terrorism Financing Prevention at the State Palace, Jakarta.

Indonesia Set to Become Asia’s Crypto Capital With State-backed Crypto Exchange

Indonesia, the world's fifth most-populated nation, is set to launch a state-backed crypto stock exchange by the end of Q2 2023.