Indonesia, or officially the Republic of Indonesia, is a state in Southeast Asia. Indonesia is the fourth largest country in the world by population and it is one of the most perspective countries for economic development. In terms of cryptocurrency, Indonesia’s central bank announced that cryptocurrency was illegal in 2017 and, after that, there were meetings conducted with the aim of creating regulations of the cryptocurrency market. Currently, Indonesia’s Bitcoin market is less than one percent of the global cryptocurrency market. There are two Indonesian Bitcoin exchange platforms. However, they sell Bitcoin only at a fixed price. Nevertheless, Indonesian authorities have recently claimed a neutral position about cryptocurrency in Indonesia.
Blockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS affiliates across Asia.
Evidence of crypto usage by ISIS is mounting — TRM Labs
The platform, monitored by local regulators, will be the only space in the country where the legal exchange of digital assets is allowed.
Indonesia launches its crypto exchange and clearing house
Once launched, Indonesia’s national crypto exchange will be the only platform allowing crypto transactions, the local regulator said.
Indonesia to launch crypto exchange in July: Report
The community expressed a range of opinions, with some individuals stating that the ban is reasonable, while others went as far as reconsidering their vacation ...
Tourists are unhappy with crypto payments ban in Bali
Cryptocurrency trading is legal in Indonesia, but the use of crypto for payments carries hefty penalties, including jail time.
‘Dealt with firmly’ — Bali governor issues warning to tourists using crypto
Agricultural sectors, such as the coffee market, can integrate blockchain to achieve better traceability, security, and speed.
From farm to cup: How blockchain is used in the coffee supply chain
The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Ind...
Indonesian government looks to NFTs to preserve cultural heritage