The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has transferred the authority for regulating and overseeing digital assets, including cryptocurrency, to the Financial Services Au…
The Directorate General of Taxes (DGT) in Indonesia is developing new rules for taxing crypto assets. This is due to the change in the status of cryptocurrencies—from a commodity to a digital financia…
Bitcoin, cryptocurrencies, and blockchain projects in Bali
In Indonesia, there is a significant platform for Bitcoin, which is https://indodax.com/ (formerly known as https://www.bitcoin.co.id/). You can conveniently deposit and withdraw funds from local bank…
The largest cryptocurrency exchange in Indonesia has fallen victim to a hacker attack. As a result, PT Indodax Nasional Indonesia lost funds equivalent to 280.37 billion IDR. The Commodity Futures Tra…
A few years ago, almost everywhere in Bali accepted only cash. Cards rarely worked — mostly in large hotels and expensive restaurants. Now the situation is changing: digital payments are becoming the…
QRIS (Quick Response Code Indonesian Standard) is the Indonesian national standard for domestic payments. It utilizes QR codes and minimizes the number of intermediaries in the payment chain.
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The Indonesian bank Permata issued a record number of cards to foreigners in February 2022. Local plastic cards are used for cryptocurrency transactions and everyday payments.
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