Indonesia’s crypto oversight transfer to OJK, slated for Jan. 2025, faces delays due to the absence of required government regulations.
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Category: Indonesia
Bank Indonesia Completes Proof of Concept for Digital Rupiah: What’s Next?
Bank Indonesia has completed the first digital Rupiah, advancing the development of a CBDC for the country.
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Indonesia’s 2024 Crypto Transactions Exceed $30B with 21M Traders
Indonesia’s cryptocurrency market has surged to over $30 billion in transactions as of October 2024, with 21 million traders, reflecting a remarkable 352% growth from the previous year and solidifying its position as a leading global crypto adopter.
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Over 60% of Young Indonesians Invest in Crypto: Report
New data from Bappebti shows that 60% of Indonesian crypto investors are under 30, indicating a strong youth presence in the market. As young Indonesians turn to crypto, regulators are stepping up to ensure safer trading and oversight, reflecting the growing role of digital assets in the country’s investment landscape.
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Indonesia Extends Deadline for Crypto Exchange Licenses
The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has extended the deadline for crypto exchanges to obtain a Physical Crypto Asset Traders (PFAK) license until late November 2024, allowing more time for compliance with updated regulations.
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Binance and Tokocrypto Work With Indonesian Authorities to Tackle Crypto Fraud
Binance and its Indonesian subsidiary Tokocrypto worked with Indonesia’s Criminal Investigation Agency to crack down on crypto fraud.
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Binance Expands Footprint as Subsidiary Gains Indonesia License
Binance announced Monday that its subsidiary, Tokocrypto, secured a Physical Crypto Asset Trader license from Indonesia’s commodity regulator, Bappebti.
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Indonesia’s sovereign wealth fund set to boost spending in year ahead
Indonesia’s sovereign wealth fund set to boost spending in year ahead