indonesia
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Indonesia Considering Mid 2023 For State-Backed Crypto Exchange.
#exchange #indonesia #crypto2023 #cryptotrading
#exchange #indonesia #crypto2023 #cryptotrading
Indonesia's Deputy of Tourism and Creative Economy believes that NFTs and cryptocurrency can solve social and economic challenges in the country by offering unique opportunities for growth and development.#cryptonews #indonesia #NFT
Comparison of crypto market vs capital market investors in Indonesia 2023
As of March 2023 the number of crypto investors reached 16.86M and capital market 10.80M 👏
#keepbuilding #cryptovscapitalmarket #indonesia #crypto2023
As of March 2023 the number of crypto investors reached 16.86M and capital market 10.80M 👏
#keepbuilding #cryptovscapitalmarket #indonesia #crypto2023
Indodax: Bitcoin and crypto rose due to the closure of Silicon Valley Bank
The SVB case has caused many investors to divert their funds to crypto assets, especially bitcoin as a hedge asset.
#SVB #indonesia #crypto2023 #Binance
The SVB case has caused many investors to divert their funds to crypto assets, especially bitcoin as a hedge asset.
#SVB #indonesia #crypto2023 #Binance
🇮🇩 ACH Alchemy Pay received a licensed from the central bank of Indonesia to carry out money transfer
#ach #indonesia #money
#ach #indonesia #money
▪️Salmonation $SUI Bridges to BeOne Blockchain $BOC, Boosting Indonesia's First DeFi Ecosystem with Smart Contracts
#sui #suinetwork #boc #indonesia #crypto2023
#sui #suinetwork #boc #indonesia #crypto2023
Indonesia's Governor, Ridwan Kamil, announces the country is fully open to Bitcoin!
#crypto2023 #bitcoin #amansaiofficial #indonesia
#crypto2023 #bitcoin #amansaiofficial #indonesia
BREAKING NEWS:
🇮🇩 Indonesia is about to launch it's first national #bitcoin and "crypto" exchange in the coming weeks 🙌
#indonesia #crypto2023 #Binanceturns6 #crypto
🇮🇩 Indonesia is about to launch it's first national #bitcoin and "crypto" exchange in the coming weeks 🙌
#indonesia #crypto2023 #Binanceturns6 #crypto
Local authorities have warned that tourists who attempt to use crypto as a means of payment will be "dealt with firmly."
Foreign tourists who use crypto as a means of payment in Bali will be "dealt with firmly," local authorities have warned.
Speaking at a tourism development press conference on Sunday, Bali Governor Wayan Koster said that visitors who pay with crypto or break other rules could be deported, face criminal penalties, or be dealt tough sanctions.
#bali #indonesia #cryptoban #cryptocurrency #cryptoonindia
Foreign tourists who use crypto as a means of payment in Bali will be "dealt with firmly," local authorities have warned.
Speaking at a tourism development press conference on Sunday, Bali Governor Wayan Koster said that visitors who pay with crypto or break other rules could be deported, face criminal penalties, or be dealt tough sanctions.
#bali #indonesia #cryptoban #cryptocurrency #cryptoonindia
Bank Indonesia (BI) and other central banks are studying Rupiah Digital, a CBDC. BI's Garuda Project oversees its exploration and design.
Rupiah Digital represents the Indonesian Rupiah and functions like physical cash, electronic money, and card payments. It's issued solely by BI and not a cryptocurrency or stablecoin.
The development process involves releasing a White Paper, gathering feedback, and conducting iterative steps: public consultations, technology experiments, and policy reviews.
Rupiah Digital includes wholesale and retail versions for different transactions. Its issuance ensures a fast, convenient, affordable, secure, and reliable currency, preserving the Rupiah's status as Indonesia's sole legal currency.
#dyor #indonesia #crypto2023 #digitalcurrency
Rupiah Digital represents the Indonesian Rupiah and functions like physical cash, electronic money, and card payments. It's issued solely by BI and not a cryptocurrency or stablecoin.
The development process involves releasing a White Paper, gathering feedback, and conducting iterative steps: public consultations, technology experiments, and policy reviews.
Rupiah Digital includes wholesale and retail versions for different transactions. Its issuance ensures a fast, convenient, affordable, secure, and reliable currency, preserving the Rupiah's status as Indonesia's sole legal currency.
#dyor #indonesia #crypto2023 #digitalcurrency
Indonesia's regulatory body, Bappebti, is finalizing the establishment of a cryptocurrency exchange, expected to launch by July 2023 at the latest. The progress of the exchange is currently at 75%.
The launch is contingent upon adequate funding and the establishment of clearing and depository institutions. The operator of the exchange has not been disclosed yet.
The launch has been delayed due to regulatory uncertainties regarding consumer protection and company transparency.
However, the Deputy Minister of Trade, Jerry Sambuaga, remains optimistic that the exchange will be launched before June 2023 and anticipates a resurgence in crypto assets this year, with transaction volumes reaching record levels similar to 2021.
#dyor #indonesia #regulations #crypto2023
The launch is contingent upon adequate funding and the establishment of clearing and depository institutions. The operator of the exchange has not been disclosed yet.
The launch has been delayed due to regulatory uncertainties regarding consumer protection and company transparency.
However, the Deputy Minister of Trade, Jerry Sambuaga, remains optimistic that the exchange will be launched before June 2023 and anticipates a resurgence in crypto assets this year, with transaction volumes reaching record levels similar to 2021.
#dyor #indonesia #regulations #crypto2023
🇮🇩 Indonesia is one of the first country in the world to start securing their heritage and their culture on the blockchain with Quantum temple!! Very cool initiative.
While culture and craftmanship takes a hit with overtourism and a lack of demand, many see this as the only way to save the Indonesia and Bali heritage as an example.
"What this blockchain project does is provide a source of income and recognition. That's a wonderful thing and it was absent from the Unesco programme," said Lansing.
Will definitely keep an eye on it!! #indonesia
While culture and craftmanship takes a hit with overtourism and a lack of demand, many see this as the only way to save the Indonesia and Bali heritage as an example.
"What this blockchain project does is provide a source of income and recognition. That's a wonderful thing and it was absent from the Unesco programme," said Lansing.
Will definitely keep an eye on it!! #indonesia
Metanesia is teaming up with CRMS to bring training to the world of the Metaverse
#indonesia #binance #metaverse
🚨 𝙄𝙣𝙙𝙤𝙣𝙚𝙨𝙞𝙖𝙣 𝙂𝙤𝙫𝙚𝙧𝙣𝙤𝙧 𝙎𝙪𝙥𝙥𝙤𝙧𝙩𝙨 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝘼𝙙𝙤𝙥𝙩𝙞𝙤𝙣 𝙬𝙞𝙩𝙝 𝘿𝙚𝙙𝙞𝙘𝙖𝙩𝙚𝙙 𝙀𝙭𝙘𝙝𝙖𝙣𝙜𝙚
- Governor Ridwan Kamil of West Java, Indonesia, announces backing for Bitcoin adoption.
- Plans to establish a dedicated exchange for Bitcoin transactions in the province.
- Aims to boost the local economy and attract investment through embracing cryptocurrency.
- Governor Kamil believes in the potential of Bitcoin as a driver of financial innovation.
- The exchange will provide a platform for secure and regulated Bitcoin transactions.
#indonesia #bitcoin #mining #crypto2023
- Governor Ridwan Kamil of West Java, Indonesia, announces backing for Bitcoin adoption.
- Plans to establish a dedicated exchange for Bitcoin transactions in the province.
- Aims to boost the local economy and attract investment through embracing cryptocurrency.
- Governor Kamil believes in the potential of Bitcoin as a driver of financial innovation.
- The exchange will provide a platform for secure and regulated Bitcoin transactions.
#indonesia #bitcoin #mining #crypto2023
The Indonesian Cryptocurrency Market Growth Reaches New Heights
The Indonesian cryptocurrency market is experiencing unprecedented growth, with transaction values soaring to $1.92 billion in February. At the same time, the number of registered cryptocurrency investors in the country has risen to 19 million, reflecting a significant monthly increase.
Positive Market Sentiments Driving the Market Upward
This growth can be attributed to the Indonesian cryptocurrency regulator, who attributes positive market sentiments to the recent surge in Bitcoin and altcoin prices. Data from the Indonesian cryptocurrency regulator shows that the volume of crypto transactions in February reached 30 trillion Indonesian rupiahs.
Expectations of Further Growth in the Coming Years
The regulator is now focused on achieving or surpassing the record transaction volume from 2021 when the volume reached $51.28 billion during the last bull market, no later than by 2024. A key moment for market revival is expected to be the upcoming halving of Bitcoin mining rewards, which is considered a significant market catalyst.
Easing Tax Burden as a Path to Growth
One of the proposed strategies to stimulate the market is to reduce or eliminate taxes on cryptocurrencies. Current rates include an income tax of 0.10% and a VAT of 0.11% for users and exchanges, while transactions on crypto exchanges are subject to a 0.02% transaction tax. According to Tirta Karma Senjaya from Bappebti, this move could revitalize a sector that is still in the early stages of development.
Future Regulatory Oversight Shifts and Potential Changes
The planned shift of cryptocurrency oversight to the Financial Services Authority (OJK) in January 2025 could bring significant changes, including the potential reclassification of cryptocurrencies as securities and a revision of tax rules. This move could have a significant impact on the regulation and support of the cryptocurrency market in Indonesia.
#crypto #indonesia
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Positive Market Sentiments Driving the Market Upward
This growth can be attributed to the Indonesian cryptocurrency regulator, who attributes positive market sentiments to the recent surge in Bitcoin and altcoin prices. Data from the Indonesian cryptocurrency regulator shows that the volume of crypto transactions in February reached 30 trillion Indonesian rupiahs.
Expectations of Further Growth in the Coming Years
The regulator is now focused on achieving or surpassing the record transaction volume from 2021 when the volume reached $51.28 billion during the last bull market, no later than by 2024. A key moment for market revival is expected to be the upcoming halving of Bitcoin mining rewards, which is considered a significant market catalyst.
Easing Tax Burden as a Path to Growth
One of the proposed strategies to stimulate the market is to reduce or eliminate taxes on cryptocurrencies. Current rates include an income tax of 0.10% and a VAT of 0.11% for users and exchanges, while transactions on crypto exchanges are subject to a 0.02% transaction tax. According to Tirta Karma Senjaya from Bappebti, this move could revitalize a sector that is still in the early stages of development.
Future Regulatory Oversight Shifts and Potential Changes
The planned shift of cryptocurrency oversight to the Financial Services Authority (OJK) in January 2025 could bring significant changes, including the potential reclassification of cryptocurrencies as securities and a revision of tax rules. This move could have a significant impact on the regulation and support of the cryptocurrency market in Indonesia.
#crypto #indonesia
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Crypto asset enthusiasts in Indonesia play a crucial role in strengthening the country's position in the global industry.
The crypto asset industry remains resilient and attracts long-term investors. Stakeholders are committed to enhancing the crypto asset ecosystem.
Despite a decrease in transaction value, the number of crypto investors continues to increase.
In May 2023, the number of investors reached 17.4 million individuals, with a monthly growth of 15,000 investors or 0.87%.
This increase demonstrates high awareness and acceptance of digital assets.
Despite a slowdown in growth, the crypto asset market in Indonesia still has significant potential for future development.
#dyor #Binance #bitcoin #indonesia
The crypto asset industry remains resilient and attracts long-term investors. Stakeholders are committed to enhancing the crypto asset ecosystem.
Despite a decrease in transaction value, the number of crypto investors continues to increase.
In May 2023, the number of investors reached 17.4 million individuals, with a monthly growth of 15,000 investors or 0.87%.
This increase demonstrates high awareness and acceptance of digital assets.
Despite a slowdown in growth, the crypto asset market in Indonesia still has significant potential for future development.
#dyor #Binance #bitcoin #indonesia
