The platform, monitored by the CFTRA, will be the only space in the country where the legal exchange of digital assets is allowed.
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The platform, monitored by the CFTRA, will be the only space in the country where the legal exchange of digital assets is allowed.
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Once launched, Indonesia’s national crypto exchange will be the only platform allowing crypto transactions, the local regulator said.
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Cryptocurrency trading is legal in Indonesia, but the use of crypto in payments carries hefty penalties including jail time.
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Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study.
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The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia.
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Alchemy Pay has partnered with a local fintech in Indonesia to offer low-cost remittances for crypto users in the country.
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