Indonesian cryptocurrency transactions cross $30B for 2024

2024 transaction totals are up more than 350% year-over-year, but still well below Indonesia’s 2021 highs.

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Indonesia’s crypto transactions rose over 350% in a year

Indonesia, one of the most adaptive countries for crypto in the world, has reached a new milestone with transactions of over 475 trillion Indonesian rupiah, or $30 billion. The country’s crypto regulator, Commodity Futures Trading Supervisory Agency (Bappebti), cryptocurrency market… дальше »

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More than 60% of Indonesian youths invest in crypto: report

Data from Indonesian regulators reveal that more than 60% of crypto investors in Indonesia consist of Gen Zs and Millennials in the age range of 18 to 30 years old. According to a report by local Indonesian media Kompas.id, cryptocurrency… дальше »

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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. дальше »

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Indonesia extends deadline for crypto exchanges to comply with new licensing rules

The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) announced in a press release that it has extended the deadline for crypto exchanges to comply with its new licensing requirements until the last week of November 2024. дальше »

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Indonesia launches first NFT postage stamp

The Indonesian National Post Office has launched the country’s first Non Fungible Token postage stamp depicting the bird of paradise, Cenderawasih. On Sept. 27, Indonesia‘s National Post Office, Pos Indonesia, launched the country’s first NFT postage stamp to commemorate the… дальше »

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Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report

The report surveyed more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia and India. дальше »

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Indonesian Crypto Exchange Indodax Suspected Of Hack, $18.2 Million Stolen In Suspicious Transactions

Indodax, one of Indonesia’s largest cryptocurrency exchanges, has reportedly been targeted by a cyberattack, with over 150 suspicious transactions flagged. According to Cyvers Alerts, the total loss from the attack is estimated at $18. дальше »

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Crypto Hack: Indonesia’s Indodax Goes Offline After Suspected $22M Breach

Indonesian cryptocurrency exchange Indodax is the latest to fall victim to a hack, resulting in the theft of approximately $22 million in digital assets. Indodax Pauses Platform Operations Due To Security Breach According to a post by blockchain security firm SlowMist on X, the hackers stole digital assets such as Bitcoin (BTC), multiple ERC-20 tokens […] дальше »

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CSAO region becomes global crypto hub with India, Singapore, and Indonesia leading the charge – Chainalysis

The Central and Southern Asia and Oceania (CSAO) region accounted for $750 billion in crypto inflows between July 2023 and June 2024, making it one of the largest crypto markets globally. According to Chainalysis’ 2024 Geography of Cryptocurrency report, the region represents 16. дальше »

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Indonesia enters top 3 countries by crypto adoption, replacing Vietnam: Chainalysis

Indonesia has entered Chainalysis’ global crypto adoption index for the first time, climbing into the top 3 as global crypto activity surged past 2021 bull market levels. Indonesia has made its debut in Chainalysis‘ global crypto adoption index, climbing to… дальше »

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India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing: Chainalysis

India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption but Indonesia is the fastest growing, according to blockchain analytics firm Chainalysis' annual report released Wednesday. дальше »

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Indonesian crypto exchange Indodax suffers $22m hack: report

Indonesian crypto exchange Indodax has seemingly suffered an attack, with the hacker stealing over $20 million worth of crypto from hot wallets. Cryptocurrency exchange Indodax (previously known as Bitcoin Indonesia) has allegedly suffered an attack after an unknown entity withdrawing… дальше »

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Indonesia’s licensing regime sparks ‘monopolistic’ market concerns

IADERN principal Tuhu Nugraha believes that the prolonged and complex registration process hampers growth and innovation in Indonesia's crypto ecosystem.  дальше »

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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. дальше »

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Binance-backed Tokocrypto secures license from Indonesian regulator

Tokocrypto, a Binance affiliate, has secured a license from Indonesia’s regulator, allowing it to operate as a licensed crypto asset trader. Tokocrypto (TKO), a Binance-owned cryptocurrency exchange in Indonesia, has secured a physical crypto asset trader license from the Commodity… дальше »

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Binance subsidiary Tokocrypto secures major license in Indonesia

Binance’s subsidiary in Indonesia, Tokocrypto, has acquired the key crypto asset trader license in the country. Tokocrypto obtained the license from the Commidity Futures Trading Regulatory Agency (Bappebti). дальше »

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Tether partners with Reku for Indonesia-wide crypto education tour

Tether and the Reku crypto exchange are launching a nationwide crypto education roadshow in Indonesia, aiming to boost digital asset literacy across major cities. Stablecoin issuer Tether joined forces with Indonesian crypto exchange Reku to launch a nationwide educational initiative… дальше »

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Indonesia considering Telegram ban over lack of moderation

Telegram has reportedly failed to improve moderation and issue a resolution over illicit content distribution after several requests from Indonesia. дальше »

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Indonesia Fintech Revolution Summit 

Сообщение Indonesia Fintech Revolution Summit  появились сначала на Coinstelegram.

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Crypto Wallet Firm Fordefi Expands in Indonesia Powering Pintu Web3 Self-Custodial Wallet

The move is part of Fordefi's plan to extend its wallet service mostly used by institutional investors to retail-facing trading platforms. дальше »

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Indonesia forms dedicated committee to strengthen crypto regulation

Indonesia has taken a significant step toward tightening its oversight of the cryptocurrency industry with the establishment of the Crypto Asset Committee. This move by the Commodity Futures Trading Regulatory Agency (Bappebti) aims to enhance the monitoring and regulation of cryptocurrencies, now officially recognized as commodities within the country. дальше »

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Indonesia Regulator Forms Crypto Committee to Monitor Industry's Operation, Compliance

The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia. дальше »

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Indonesia’s presidential election results may yield continued pro-crypto policy

The recent re-election of Indonesia's ruling party may mean continued crypto-friendly regulations and policies that support the growth of blockchain in Indonesia. The post Indonesia’s presidential election results may yield continued pro-crypto policy appeared first on Crypto Briefing. дальше »

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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. дальше »

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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… дальше »

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Indonesia: Crypto Products Required To Pass On Regulatory Sandbox After New Rule

Indonesia’s regulatory agency has issued a new rule that could potentially affect crypto assets in the country. According to local reports, firms must introduce their products to the Financial Services Authority (OJK)’s Regulatory Sandbox. дальше »

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Indonesia to get crypto regulatory overhaul

Indonesia’s Financial Services Authority (OJK) today announced some significant changes to its cryptocurrency regulation are coming. As of January 2025, cryptocurrencies will fall under a new regulator within the country – the OJK, as opposed to commodities and futures trading regulator, Bappebti. дальше »

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Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal

The initiative is aimed at combating fraud and will kick in at the start of next year. дальше »

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Indonesia’s Crypto Market Booms as Transactions Hit $1.92B in February

The country's registered crypto investors also surged to 19 million users last month. дальше »

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Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

This is part of the preparations for the transition of crypto supervision to OJK by January 2025. дальше »

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Changing Real-World Social Interaction: UXLINK Promotes Web3 Industry Growth and Adoption

The social era of Web3 is about to emerge, as seen by the recent approval of the BTC ETF, the application for the ETH ETF in the United States and the growing adoption of blockchain technology in nations like Argentina and Indonesia. дальше »

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Indonesia Looks to Review Crypto Tax Rules to Capitalize on Bull Market

Indonesia embarks on a strategic review of its crypto taxation framework to align with industry growth and enhance its digital economy. The move signals a commitment to leveraging crypto market booms for national revenue. дальше »

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Indonesia’s Crypto Evolution: Government Eyes Changes In Taxation Landscape

Indonesia’s crypto market faces a period of change and reassessment, as evidenced by falling tax revenue and planned regulatory shifts. While Bitcoin surged in value throughout 2023, the country’s crypto tax revenue plummeted by over 60% compared to the previous year, raising concerns about the effectiveness of the current tax regime. Related Reading: Former FTX, […] дальше »

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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. дальше »

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Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms

Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax. дальше »

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Future Looks Bright For Crypto In Indonesia: Pro-Blockchain VP Takes Office

Voters in Indonesia delivered a decisive victory to Gibran Rakabuming Raka, son of the current president, in the latest local elections. This win, coupled with Raka’s vocal support for blockchain and cryptocurrency technologies, has sparked excitement about a potential turning point for the country’s digital economy. дальше »

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Indonesia Picks Crypto-Friendly Team in Presidential Election

During the presidential campaign, vice-presidential candidate Gibran discussed crypto and blockchain as a means to expand job opportunities for the country’s younger generation. дальше »

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Indonesia to conduct blockchain trials for public services

Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases. дальше »

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XRP Expansion: Ripple and Tranglo Set Sights on Three Fresh Countries

Tranglo confirms global XRP adoption into Philippines, Vietnam and Indonesia with Ripple and SBI дальше »

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Ripple’s XRP Primed For Ballistic Rally Amid Adoption By Banks in Indonesia, Philippines, Vietnam

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Japan’s SBI Group partners with Ripple, but XRP price remains unaffected

Japan-based financial services company SBI Group has partnered with Ripple to use XRP to expand its international payment remittances to bank accounts in the Philippines, Vietnam, and Indonesia. In a Sept. дальше »

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SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

SBI Remit will use XRP as a bridge currency to enable faster and more cost-effective remittances to several Southeast Asian countries. дальше »

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FIBA launches NFT collection for Basketball World Cup

The International Basketball Federation (FIBA) has teamed up with a web3 SaaS platform Venly to introduce a series of distinctive digital collectibles. Directing attention to the host nations – Japan, Philippines, and Indonesia – the digital keepsakes seek to represent… дальше »

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Worldcoin Paid Hong Kong Onboarders $60, But Paid Test Subjects in Indonesia $15

ChatGPT creator Sam Altmans cryptocurrency venture, Worldcoin, is stirring up more controversy as it reveals stark discrepancies in user payouts, according to a South China Morning Post report. Hong Kong... дальше »

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US SEC may appeal XRP ruling, Kuwait bans crypto as FTX saga unfolds| Weekly recap

US SEC may appeal judge's ruling on XRP as Kuwait bans crypto. Indonesia and Shanghai is pro blockchain while FTX continues to make headlines дальше »

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Indonesia unveils national crypto exchange and clearing house 

Indonesia has introduced a national crypto asset exchange and clearing house to foster transparency and security for digital asset investors дальше »

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Indonesia Makes Bold Move on Crypto Adoption With Opening of National Exchange

After months of rumors and promises, Indonesia takes a bold step and opens a national cryptocurrency exchange. The post Indonesia Makes Bold Move on Crypto Adoption With Opening of National Exchange appeared first on BeInCrypto. дальше »

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Indonesia launches national cryptocurrency exchange amid 69% drop in transaction volume

Indonesia launched a national cryptocurrency exchange that became operational on July 17, according to a July 20 statement from the Commodity Futures Trading Supervisory Agency (Bappebti). The country also announced that its futures clearing house has been operational since July 17. дальше »

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Indonesia's New Crypto Exchange Opens After Long Delays

The long-awaited Nasdaq-style national bourse for crypto has been operational since July 17, according to an official announcement from Thursday. дальше »

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