Is cryptocurrency allowed in Indonesia? Although crypto assets are still not permitted as payment instruments, companies are welcome to buy and sell crypto as trading commodities in Indonesia.
Is crypto taxable in Indonesia? A law imposing value-added tax and income tax on crypto-asset trade transactions take effect from May 1 in the Southeast Asian country. A crypto-asset trader will be exempted from the income tax obligation if the trader is a tax resident in a country with a double taxation avoidance treaty with Indonesia.
Is crypto legal in Bali? Yes, cryptocurrency is legal in Indonesia.
The Futures Exchange Supervisory Board (Bappebti) is in charge of cryptocurrency and blockchain regulation in the country.
Can I use Binance in Indonesia? Binance partners with Telco
Telco is a subsidiary of Telkom Indonesia, MDI Ventures. Binance partnered with Telco in 2021 to create the new exchange used in Indonesia.