**Indonesian Crypto Market Surges Past $30 Billion**

The Indonesian cryptocurrency market has seen a remarkable resurgence, hitting over $30 billion in transactions from January to October 2024, a 350% increase from the previous year. This marks the highest total since the 2021 bull market peak.

After a significant dip in 2022 due to a "dual taxation" policy, the market is bouncing back, surpassing the combined totals of the last two years. Indonesia ranks third in global crypto adoption, trailing only India and Nigeria.

Recent policy changes, including relaxed investment restrictions, may have fueled this growth, with calls to reconsider the double tax on crypto gains.