Indonesia Extends Deadline for Crypto Exchange License Requirements Following Regulatory Updates
Exchanges will now have until the last week of November to meet new requirements.
Indonesia
Binance Unit Tokocrypto Is Third Crypto Exchange to Score Full License in Indonesia
Crypto Exchange Binance subsidiary Tokocrypto has obtained a full license as a Physical Crypto Asset Trader from Indonesia’s Commodity Futures Trading Regulatory Agency, known as Bappebti.
Indonesia Regulator Forms Crypto Committee to Monitor Industry’s Operation, Compliance
The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia.
Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs
Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the National Movement for Anti-Money Laundering and Terrorism Financing Prevention at the State Palace, Jakarta.
Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal
The initiative is aimed at combating fraud and will kick in at the start of next year.
Indonesia’s Crypto Market Booms as Transactions Hit $1.92B in February
The country’s registered crypto investors also surged to 19 million users last month.
Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry
This is part of the preparations for the transition of crypto supervision to OJK by January 2025.
Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax.
Indonesia Picks Crypto-Friendly Team in Presidential Election
During the presidential campaign, vice-presidential candidate Gibran discussed crypto and blockchain as a means to expand job opportunities for the country’s younger generation.
Why Indonesia’s Upcoming Elections Could Make or Break the Country’s Vibrant Crypto Sector
Not all leading candidates have been vocal about crypto – but scattered remarks offer clues about where the industry might be headed under their leadership.