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Exchanges will now have until the last week of November to meet new requirements.

During the presidential campaign, vice-presidential candidate Gibran discussed crypto and blockchain as a means to expand job opportunities for the country’s younger generation.

The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia.

The country's tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced.

The country's tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced.

The syndicate had been operating for six months before being apprehended last week.

The exchange is focused on the Indonesian market and recorded $11 million in trading volumes on Monday.

Indonesian crypto exchanges saw a sharp 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.

Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the

Indonesia’s presidential election in February initially ended in controversy when the winning duo claimed victory before official results were released.