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.
Binance launched the stablecoin on its own blockchain thanks to a collaboration with Indonesian crypto exchange Tokocrypto.
First Rupiah-Backed Stablecoin Launches on Binance and Tokocrypto
Major cryptocurrency exchange Binance is cementing its presence in Indonesia, announcing an investment in a major domestic regulated exchange Tokocrypto.
Binance Invests in Major Indonesia Crypto Exchange Tokocrypto
Major cryptocurrency exchange Binance is deepening its presence in two major emerging markets, India and Indonesia.
Binance Continues Global Push With Launch of P2P Trades for Rupee and Rupiah
Huobi is launching a charity initiative to support Indonesia’s fight against coronavirus.
Huobi Charity to Distribute $50,000 in Native Tokens in Indonesia
Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, has given the green light to crypto exchange provider Zipmex.
Indonesia’s Commodities Regulator Approves Asia-Pacific Crypto Exchange
Indonesia’s regulators are cautiously warming to blockchain, with the country’s customs watchdog announcing the use of IBM’s TradeLens blockchain platform.
Indonesian Customs Joins IBM’s Blockchain Supply Chain Platform
Despite receiving a lot of flak from regulators, use of crypto is still limited when compared to fiat within the illegal gambling sector.
Crypto Accused of Facilitating Illegal Gambling — What Are the Odds?