Indonesia News and Articles

Until the end of 2022, the Indonesian authorities want to launch their bitcoin exchange. For the first time, the government announced plans to create a national cryptocurrency platform last year. This year, the authorities want to implement the project, but the timing will be adjusted in case of...

The Indonesian authorities are negative about the initiative to allow the use of digital currencies to pay for goods and services. Back in the summer of last year, the head of the Central Bank, Perry Varjiyo, said that the regulator would not allow the lifting of the ban on the use of bitcoin and...

Binance collaborates with Telekomunikasi Indonesia Tbk (Telkom Group), the largest telecommunication network in Indonesia to release a crypto exchange. Telkom is a state owned enterprise, with 52.09% of its shares belonging to the government. Binance has built a joint venture together with a...

Recently, more and more countries have announced their readiness to issue a national digital currency (CBDC). Moreover, central banks do not hide the fact that by integrating their token into the financial sector of the state, they intend to reduce the impact of bitcoin. Judah Agung of Indonesia's...

In late October, one of the regional Islamic organizations in Indonesia spoke out against the possession of digital currencies by Muslims. The clergy issued a fatwa urging citizens not to buy bitcoins and other virtual coins or make transactions with such instruments. Now all Muslims in Indonesia...

The East Java branch of the largest Islamic organization Nahdlatul Ulama (NU), located in Indonesia, expressed its opinion about the cryptocurrency. In NU, relying on Islamic law, they said that digital assets are an unsafe investment and called them "haram", which means...

Indonesia joined those countries that decided to declare war on bitcoin and the crypto sphere in general. The central bank of this country has banned the use of any digital currencies when paying for goods and services. Perry Varjiyo, who is the head of the Central Bank of Indonesia, made a...

Indonesia has joined the countries wishing to launch a national digital currency (CBDC). According to Reuters, with the help of the token, the country's Central Bank expects to speed up the processing of internal and external transactions. In addition, the emergence of an innovative tool will...

The regulatory body of Indonesia, called Bappebti is implying laws towards crypto activities that are performed on regulated crypto platforms of the republic. There are now 13 crypto platforms registered with Bappebti. The executive of the agency Sidharta Utama informed that the tax amount hadn't...