Tag: Indonesia
Indonesia Cracks Down on Polymarket in Gambling Clampdown
Indonesia has blocked Polymarket, classifying it as an online gambling platform. The government says Polymarket operates as real‑money betting, violating Indonesian law. The move is…
Indonesia Cryptocurrency Market Booms with 335.9% Growth in 2024
Indonesia cryptocurrency market surged 335.9% in 2024, reaching $40.2 billion, driven by user growth, trading activity, and market innovation. Indonesia experienced an exceptional rise in…
Indonesia Races to Meet Crypto Oversight Deadline
Regulations have postponed the transfer of crypto oversight to OJK. OJK and Bappebti are preparing for transition despite regulatory limitations. Indonesia’s grand plan is facing…
Indonesia Extends Crypto Exchanges Licensing Deadline Until November
Indonesia extends crypto exchanges licensing deadline until November, allowing more time for compliance with new safety and tax regulations. Indonesia’s Commodity Futures Trading Regulatory Agency…
Binance’s Tokocrypto Gains a PFAK License for Indonesian Expansion
Tokocrypto acquires a PFAK license, enhancing its regulatory status in Indonesia. Binance supports Tokocrypto’s expansion, which contributes to the company’s regional market leadership. Binance subsidiary…
Muslims in Indonesia Have Been Asked Not to Trade Crypto
Not long ago, the national council of Islamic scholars stated that Muslims in Indonesia should not be permitted to trade crypto as it exposes investors…
Indonesia May Soon Have a Blockchain-based Futures Exchange
Indonesia is the latest country that looks set to benefit from blockchain technology. Its Jakarta Futures Exchange is partnering with two Australian platforms to develop…
Indonesia Wants to Cap Fintech Loans to Prevent ‘Loan Shark’ Business Practices
Indonesia’s financial regulator is reportedly considering a cap on loans and interest rates offered by fintech companies in a bid to reduce the risk of…
Indonesia is on the Right Track to Become a Major Bitcoin Hub
Indonesia is a developing region, which spells a bright future for Bitcoin and cryptocurrency. Over the past few years, it has become apparent the country…
