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The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year End Indonesia’s monetary authority is … Read more
The latest $113 million fund injection will be redirected to scale the platform’s existing offerings, such as introducing new features and added support for blockchains. Go to Source Powered by WPeMatico
With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest episode of the News Podcast we … Read more
More than half of respondents in India, Brazil and Hong Kong made the first purchase of a cryptocurrency like Bitcoin in 2021. Go to Source Powered by WPeMatico
The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchases. Indonesia to Start Taxing Crypto Income at 0.1% The Indonesian Directorate General of Taxes, the Ministry of Finance, has set income tax … Read more
Some of Indonesia’s best-known celebs have helped fan the flames of interest in digital assets. Go to Source Powered by WPeMatico
Regulations, exchanges and local adoption help cryptocurrencies gain traction in Indonesia. Go to Source Powered by WPeMatico
The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork. Go to Source Powered by WPeMatico
Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes under the guise of crypto. Indonesian Regulator’s Crypto Warning Indonesia’s Financial Services Authority (OJK), the Jakarta-based government agency which regulates the financial services sector, warned … Read more
The warning from the Financial Services Authority (OJK) comes on the heels of several calls for a crypto ban from Islamic NGOs in the country. Go to Source Powered by WPeMatico