Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs
The amount of money laundered through crypto in 2021 is considered “extremely large” according to the president.
Indonesia
Indonesia’s Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin’s Surge
The country’s tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced.
Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
Indonesian crypto exchanges saw a 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.
Indonesian Authorities Crack Down on Bitcoin Miners Stealing Electricity From National Grid
The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations.
Indonesian Crypto Exchanges Must Register With New Bourse or Face Shutdown
The government wants to use the national crypto bourse to make the ecosystem safer and gather transaction veri for tax purposes.