The Indonesian financial authorities said that by the beginning of 2025, the government will implement a regulatory sandbox for crypto assets in an effort to prevent fraudulent investments.
Indonesia News
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The CryptoPunks collection recorded another $16-million transaction this month as CryptoPunk #7804 sold for 4,850 ETH on March 20.
4961An Indonesian man who earned $1 million by selling nonfungible token selfies on OpenSea re-appeared with the second iteration of his NFT project.
12774Five United States senators have joined hands to fight President Joe Biden’s plans to issue a “digital dollar.”
13223The Commodity Futures Trading Regulatory Agency of Indonesia has urged a reevaluation of the country’s 0.1% capital gains tax and 0.11% VAT on crypto transactions.
8398The region has ambitions to become a global tech hub with a focus on crypto, blockchain and AI, as highlighted by Nathan Kim, marketing director at Unopnd.
3460An unofficial tally reportedly showed Prabowo Subianto and Gibran Rakabuming Raka winning Indonesia’s presidential ticket with roughly 58% of the vote.
1760The government-led AI Singapore aims to scale its AI models for commercial use by 2024, particularly focusing on Southeast Asia, with SEA-LION catering to local languages.
5330According to a local report, Indonesian law enforcement confiscated 1,134 Bitcoin machines, claiming an electricity theft nearing $1 million.
26043Surakarta Mayor Gibran Rakabuming Raka promises to prepare blockchain, crypto, artificial intelligence, and cybersecurity experts to empower Indonesian youth in the digital space.
2128Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases.
6865Blockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS affiliates across Asia.
20119The platform, monitored by local regulators, will be the only space in the country where the legal exchange of digital assets is allowed.
7069Once launched, Indonesia’s national crypto exchange will be the only platform allowing crypto transactions, the local regulator said.
13856The community expressed a range of opinions, with some individuals stating that the ban is reasonable, while others went as far as reconsidering their vacation plans.
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