Tag: indonesia

Sep 01 2022

Indonesia aims to have its own cryptocurrency exchange by 2022

Sep 01 2022 Published at Coinscreed under tags  crypto exchange indonesia news

The intention, which was first expressed last year, was confirmed by the deputy trade minister of Indonesia. The government of Indonesia has resumed its effort to establish the digital asset market that was initially officially proposed in 2021. By the end of 2022, the so-called "crypto bourse" is expected to be operational. DealStreetAsia reports that […] The post...

Aug 30 2022

Indonesia's Biggest Tech Firm Enters Bitcoin Market With Local Exchange Acquisition

GoTo purchased Indonesian bitcoin and cryptocurrency exchange PT Kripto Maksima Koin for $8.38 million to become a diverse money management company.GoTo purchased PT Kripto Maksima Koin by acquiring 100% of available shares.The tech giant paid about $8.38 million for the acquisition to become a money management firm.GoTo reportedly accounts for 2% of Indonesia’s total GDP.The...

GoTo buys local crypto exchange for $8 million

Aug 30 2022 Published at Coinscreed under tags  goto indonesia news pt kripto maksima koin

Indonesian Tech company GoTo in a recent deal buys local crypto exchange PT Kripto Maksima Koin for $ 8 million in order to pursue a goal to become "a diverse money management hub." In an effort to diversify its holdings, the Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) purchased the local cryptocurrency exchange […] The post...

Dec 15 2021

Binance Establishes Partnership with MDI Ventures

Crypto exchange Binance is planning to work on the growth of the blockchain ecosystem in Indonesia, one of the world’s fastest-growing economies.

Dec 10 2021

Binance Plans Joint Venture with Big Indonesian Firms

Binance is in talks with two of Indonesia’s largest companies, PT Bank Central Asia and PT Telkom, to establish a locally operated cryptocurrency exchange in the Southeast Asian country, Bloomberg ...

Breaking: Binance is Planning a New Crypto Venture in Indonesia

Dec 10 2021 Published at Coingape under tags  binance blockchain news bnbbkrw bnbbtc bnbbusd

The latest update on Binance's global expansion saw the crypto exchange's efforts to extend business in Indonesia. According to...

Nov 30 2021

Is Bitcoin On The Ropes? Indonesia’s CBDC Aims To Give A Fight

As Bitcoin has been declared 'haram' in Indonesia and the country's Central Bank considers issuing a digital rupiah, an official suggested in the parliament that a central bank digital currency (CBDC) would be instrumental in fighting the threat that cryptocurrencies' trading represents for the banks and fiat money. This is shared thought with other central banks who are also building new digital models,...

Nov 11 2021

Oct 30 2021

Indonesian Religious Group Deems Crypto Assets as “Haram”

Indonesian religious group Nahdlatul Ulama has issued a fatwa against the use of cryptocurrencies, claiming it to be "Haram" or forbidden under Islamic laws. The debate around the use of digital assets in the Islamic world has been going on for years now, however, many Islamic countries including Dubai and Iran have wholeheartedly accepted the The post Indonesian Religious Group Deems Crypto Assets...

Oct 28 2021

Indonesia Against Crypto: Islamic Organization Declares “Haram”

Crypto activities were declared forbidden by the religious law of the largest Islamic organization of Indonesia, Nahdlatul Ulama. A heated debate was carried before arriving at the conclusion of declaring digital currencies as “haram”. On previous occasions, the idea of a ban was not well received by many Muslims. The discussion of whether cryptocurrencies were to be considered haram in Islam...

Oct 16 2021

Bitcoin Education For Indonesia

The Indonesia Bitcoin Conference is a chance to educate Indonesians about a better savings technology.Bitcoin represents a new and open internet standard for hard money. Nowadays, with the increasing awareness about bitcoin’s superior properties, it is increasingly being adopted by global financial institutions as pristine collateral, a longer-term store of value, and unstoppable money. We believe that bitcoin was...

May 25 2021

May 11 2021

Indonesia Is Considering to Tax Crypto Trading

The country has 4.45 million registered crypto investors, according to Bappebti.

Apr 27 2021

Indonesian Regulators Planning For a ‘Crypto-Tax’ Amid Rising Popularity and Demand

The Indonesian Commodity Futures Trade Regulatory Agency (Bappebti) is reportedly planning to impose a crypto transaction tax amid the growing popularity of digital currencies this bull season. The regulatory body is planning to impose a type of final income tax (PPh Final) that would be levied by all 13 cryptocurrency exchanges registered with the regulatory The post Indonesian Regulators Planning For a 'Crypto-Tax'...

Mar 28 2021

Indonesian Government Wants to Launch its Own Crypto Exchange

The Indonesian government is planning to launch a state-backed cryptocurrency exchange. The information was announced on March 25, 2021, and it would make it easier for people to […]

Dec 07 2020

Indonesia’s Booming Startup Scene Poised for Further Growth: Report

The country is now home to at least 322 fintech companies across a number of different subsectors.

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