Is Bitcoin mining illegal in Indonesia? While crypto trading is legal in the country, the Indonesia Financial Services Authority (OJK) has made it clear that financial institutions are prohibited from using or marketing cryptocurrency. They are further banned from facilitating asset trading.
Does Indonesia use cryptocurrency? The number of crypto investors in Indonesia has doubled in the past year alone to more than 12 million people, according to data from Commodity Futures Trading Regulatory Agency (Bappepti).
Can I use blockchain in Indonesia? All exchanges in Indonesia support Bitcoin (BTC) and allow users to buy fractions of the token. The process of buying Bitcoin in Indonesia is the same as mentioned above. There is also a single Bitcoin ATM in the capital, Jakarta, where investors can buy Bitcoin.
Is cryptocurrency taxed in Indonesia? Indonesia imposes tax and VAT on crypto income and purchases at 0.1%