Binance obtains crypto license in Indonesia through local subsidiary

Binance's regulatory success in Indonesia could significantly enhance the country's crypto ecosystem and influence regional adoption trends. The post Binance obtains crypto license in Indonesia through local subsidiary appeared first on Crypto Briefing.

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Indonesia considers easing crypto taxation 

Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.

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Indonesia To Launch National Crypto Exchange By June 2023

The Indonesia crypto exchange that was to launch by the end of 2022 will now go live in June. Zulkifli Hasan, the Indonesian trade minister, announced it during the opening ceremony for Crypto Literacy Month on February 2 in Jakarta.

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Indonesia to unveil national crypto exchange by June

The crypto landscape in Indonesia could see a national crypto exchange before the end of June this year. Indonesia initially planned to launch the crypto bourse before the end of 2022. The government says the cryptocurrency exchange will include five active and licensed platforms.

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Indonesia Regulatory Switch Could See Crypto Classed as Securities, Not Commodities

A new law in Indonesia not only changes the crypto regulatory environment, it could also broaden the industry’s development in the country.

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Indonesia Mulls Launching National Crypto Exchange Amid Industry Turmoil

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Indonesia to Charge 0.1% Tax on Crypto Transactions, Investments: Report

Indonesia is planning to charge value-added tax (VAT) on crypto transactions and capital gains on investments at 0.1% from May 1.

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ICN marketing company leading Indonesia’s crypto boom

Blockchain marketing company, Indonesia Crypto Network, is fast becoming the destination for crypto investors and stakeholders looking to gain traction in Indonesia. The country is witnessing widesThe post ICN marketing company leading Indonesia’s crypto boom appeared first on AMBCrypto.

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Crypto Banned as Currency for Muslims, Says Indonesian Religious Council

Muslims are barred from using cryptocurrencies as currency, according to Indonesia’s council of religious leaders. The post Crypto Banned as Currency for Muslims, Says Indonesian Religious Council appeared first on BeInCrypto.

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Indonesia’s Islam Council Bans Muslims From Trading Bitcoin, Deems Crypto As “Haram”

Indonesia’s council of Islam religious leaders has called on Muslims in the country to desist from engaging in crypto-related transactions, terming it as “haram”. According to a Thursday report by Bloomberg, Asronun Niam Sholeh, chair of religious decrees at the National Ulema Council (MUI) decried cryptocurrencies, terming them as “uncertain, wagering and harmful” pitting them against […]

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Indonesia Against Crypto: Islamic Organization Declares “Haram”

Crypto activities were declared forbidden by the religious law of the largest Islamic organization of Indonesia, Nahdlatul Ulama. A heated debate was carried before arriving at the conclusion of declaring digital currencies as “haram”.

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Australia surpasses Indonesia and Hong Kong in levels of crypto ownership

A recent survey from Finder has shown that Australia has the third-highest rate of cryptocurrency adoption compared to other countries. The level of crypto ownership in the country comes in at 17.

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Report: Indonesia leads global surge in interest in crypto

Indonesia saw a massive 1,772% increase in the number of people engaging with articles about crypto, a new survey claims.

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Indonesia Will Not Follow China’s Path For An Outright Crypto Ban, Says Minister Of Trade

Indonesia’s Minister of Trade has stated that the country will not give a blanket ban on cryptocurrencies like China. Indonesia has recorded a spike in cryptocurrency transactions since the start of the year and shows no signs of slowing down.

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Indonesia Confirms It’s Not Imposing Blanket Crypto Ban

The Indonesian government has given its residents the green light for cryptocurrency trading, refusing to impose an outright ban on all crypto-related transactions. The post Indonesia Confirms It’s Not Imposing Blanket Crypto Ban appeared first on BeInCrypto.

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Asia-based crypto exchange Zipmex secures $41M USD in Series B funding

Zipmex, an Asia-Pacific-based cryptocurrency exchange with offices in Singapore, Thailand, Indonesia, and Australia, today announced that it has secured over USD $41 million in its Series B funding.

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Lightspeed Venture leads Indonesian crypto exchange Pintu’s Series A+

The increasing investments in exchanges like Pintu are the result of Indonesia’s booming interest… The post Lightspeed Venture leads Indonesian crypto exchange Pintu’s Series A+ appeared first on Coin Journal.

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Indonesia’s Central Bank Bans the Use of Crypto as Payment Method

The Bank of Indonesia (BI) has banned the use of cryptocurrency as a means of payment, stating that the payment method is not legitimate in the country.  Crypto as Payment Tool Not Legitimate in Indonesia According to Tempo on Tuesday (June 15, 2021), Perry Warjiyo, the governor of the Bank of Indonesia, stated that financialRead More

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Indonesian Central Bank Prohibits Cryptocurrency as Payment Tool

The governor of Indonesia’s central bank will prohibit the use of cryptocurrencies as a payment tool, in yet another move by the country to rein in the crypto market. The post Indonesian Central Bank Prohibits Cryptocurrency as Payment Tool appeared first on BeInCrypto.

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Asia-Pacific crypto exchange Zipmex lists Stellar (XLM)

Zipmex, an Asia-Pacific-based cryptocurrency exchange with locations in Singapore, Indonesia, Australia, and Thailand, announced today it has listed Stellar Lumens (XLM). The Stellar network enables faster transactions than other blockchain-based systems as the transfer of lumens does not require approval from traditional crypto miners.

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Coinbase leads $6M funding for Indonesian crypto exchange

Pintu is a new cryptocurrency exchange in Indonesia, licensed as a crypto broker under Bappebti and the Ministry of Communication and Informatics.

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Bank of Indonesia joins central bank digital currency race

After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.

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Indonesia Ponders on Plan to Tax Crypto Trading Gains

Indonesia is mulling imposing tax on profits gotten from cryptocurrency trading, as the nascent industry sees exponential growth in the Southeast Asian country. Indonesia Could Impose Tax on Crypto Trading According to Reuters on Tuesday (May 11, 2021), an Indonesian tax official, Neilmaldrin Noor, told the news outlet that the proposal to tax profits onRead More

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Indonesia considers capital gains tax on cryptocurrency trades

A new capital gains tax scheme on crypto trades is still being discussed, according to a tax official.

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Bappebti, Indonesia’s futures regulator considers crypto taxation

Bappebti, Indonesia’s Commodity Futures Trading Regulatory Agency is contemplating introducing taxation for crypto transactions. A report unveiled this news on April 27, noting that the authority’s move is inspired by the increasing interest in cryptocurrencies in the country.

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Tokocrypto to launch first Indonesian DeFi project on Binance Smart Chain

CryptoNinjas » Tokocrypto to launch first Indonesian DeFi project on Binance Smart Chain Tokocrypto, Indonesia’s first regulated crypto exchange under the Commodity Futures Trading Regulatory Agency Indonesia (BAPPEBTI), has announced it will develop Indonesia’s first hybrid CeDeFi token (TKO) on top of the Binance Smart Chain.

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Rice-Based Stablecoin Is Being Launched in Indonesia

PRESS RELEASE. Penjaga Lilin Nusantara, an Indonesian Cooperative in Malang – East Java is setting up Ricetron.com a Tron-based DeFi to tokenized rice-based stablecoin. The website aims to invite crypto enthusiasts to stake Tron and mint RET (Rice Economy Token), a governance token that will fund RIC (Rice Inventory Coin) stablecoin. RET token holders will […]

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Peru, India, Indonesia, Nigeria Among Countries With Highest Crypto Usage Increase

Peru, India, Indonesia, and Nigeria are among the countries with the biggest increase in crypto wallet creation based on data from Blockchain. com, which has over 52 million wallets created by users worldwide.

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Crypto exchange Zipmex expands to Thailand

Licensed bitcoin and crypto trading platform Zipmex, today announced its launch in Thailand with its official mobile app. The expansion comes after successful launches in Singapore, Indonesia, and Australia as the company continues to accelerate operations across Southeast Asia to fuel a rising demand for digital currency due to the recent regulation changes in the […] CryptoNinjas: Crypto exchange Zipmex expands to Thailand

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Binance Invests in Regulated Indonesian Crypto Exchange

Binance is betting on Indonesia as a promising market for cryptocurrency trading.

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Kadar Merdeka talks about PRIZM in Indonesia

Crypto Investor Kadar Merdeka talks about how he makes money on cryptocurrency. In his interview, investors and founders of PRIZM cryptocurrency in Indonesia talked about the secrets of their prosperity.

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11% of Indonesians Own Crypto According to Hootsuite Digital Innovations Report

A recent report on crypto ownership in Indonesia has revealed that around 11% of the country’s population own some form of digital asset. This summary done by Hootsuite obtained data analytic insights from GlobalWebIndex.

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Indonesia's nascent crypto-industry gathers steam with newly-registered Zipmex

The world of crypto, while expanding to different countries, hasn't been accepted by all since too many of them are skeptics of the technology. Indonesia's central bank in 2017 did not recognize BitcoThe post Indonesia's nascent crypto-industry gathers steam with newly-registered Zipmex appeared first on AMBCrypto.

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Indonesia’s Commodities Regulator Approves Asia-Pacific Crypto Exchange

Crypto exchange provider Zipmex has become one of the first platforms to seal regulatory approval in Indonesia

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Pundi X’s wallet adds new crypto to fiat transfer/payment solution for Indonesia

Pundi X, a provider of blockchain payment solutions, announced the launch of CryptoID, a DApp which provides users a payment platform for real-time transfer of cryptocurrencies to fiat. For the initial roll-out, Pundi X has partnered with Indonesia-based online payment app m-Bayar from E2Pay to integrate its services for the CryptoIDR DApp.

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Huobi Launches New Fiat/Crypto Pair for the Indonesia Rupiah (IDR) Against Tether (USDT)

Huobi Crypto Exchange recently announced that they will introduce a trading pair for the Indonesian Rupiah against Tether (USDT) for this market subsidiary. The fiat gateway will enable Huobi users in Indonesia to trade over 250 cryptocurrencies through a simple IDR Top up and exchange for USDT to purchase other coins. David Chen, Huobi’s Cloud Senior […]

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Automated crypto to fiat platform XanPool expands Asia presence

Peer-to-peer crypto to fiat platform XanPool, announced its latest expansion push into Asia this week, with expanded country support for service in India, Malaysia, Indonesia, and Vietnam. Supported by NGC Ventures, a leading blockchain investment firm, XanPool is an omnichannel solution that enables both institutional and retail users to on and off-board in and out […] CryptoNinjas: Automated crypto to fiat platform XanPool expands Asia presence

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Top 5 Countries That Have Taken a Pro-Crypto Stance Lately

The U. S. may be dragging its heels but check out the top 5 pro-crypto countries that have taken positive action lately. Top 5 Pro-Crypto Countries The U. S. kicked the Bitcoin ETF can down the road and asked for more details on ICOs.

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Indonesia Trains Lawyers In Crypto Crime As Bitcoin Ban Continues

One of the few countries in the world to ban Bitcoin and cryptocurrency outright has conducted multinational training on crypto crime prevention. Eight Countries Meet For Legal Training According to local news outlet SketsIndo, the Attorney General of Indonesia gathered attorneys from eight countries for a dedicated four-day cryptocurrency course.

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Klaytn (KLAY) token gets listed on Upbit Indonesia

Klaytn (KLAY) token gets listed on Upbit Indonesia - CryptoNinjas Klaytn, the blockchain platform led by the South Korean Internet giant Kakao, today announced the official listing date of its native KLAY token on crypto exchange Upbit Indonesia.

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New Study Shows Turkey and Indonesia Dominate Crypto User Market for Bitcoin Activity

It is a well-known fact that the support of cryptocurrency while global is not even across all parts of the world as some countries actively support cryptocurrency while others are hostile towards it.

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Indonesia, Russia, Philippines and India among countries whose citizens actively support budding crypto-projects

Although cryptos are enjoying much needed mainstream attention these days, its use on a global scale is speculated to be led only by a handful of nations. Recent research conducted by EVEN Foundation is aimed at uncovering crypto’s potential users and the current reach of the crypto-market.

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Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges

North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.

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Coinbase Provides Wider Support for Crypto-to-Crypto Conversions

Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries. In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities.

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Indonesia’s Indodax Crypto Exchange Lists Crypto.com CRO Token and Surges 145% in a Few Hours

Crypto.com Chain-Token (CRO) continues to expand in the crypto market and all over the world. This time, the digital currency has been listed on the Indonesian cryptocurrency exchange Indodax. The platform decided to enter this market in order to profit from this large and attractive market for digital assets. Crypto.com Enters the Indonesian Market In […]

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In the Daily: BCH on C2C Market, Binance in Indonesia, 400,000 Planned Mining Rigs

In this edition of The Daily, we cover the addition of bitcoin cash (BCH) trading support to a fiat-to-cryptocurrency platform, an expansion of educational services by Binance in Indonesia, and Ebang’s plan to sell 400,000 new mining rigs in 2019.

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Binance Forays Into Indonesia’s Booming Crypto Scene, a Key Emerging Market

For a number of reasons, a majority of the nations in Southeast Asia have quickly become mainstays in the crypto space. Singapore, whose government has indirectly invested in Binance, is known for its array of industry startups, banks that operate in good faith with Bitcoin traders, and sector events.

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Indonesia Legalizes Cryptocurrency as Tradable Asset

Crypto can now be traded legally as a commodity in Indonesia thanks to a new regulation that grants it this new legal status, as reported by KrASIA, February 15, 2019. Let the Trading Begin The crypto community in Indonesia has scored a huge coup as crypto exchanges are now legal in the country.

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Indonesia Issues New Regulations For Trading In Crypto Futures

Are the new regulations a bane or a boon?

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