Indonesia Confident in Its Domestic Crypto: Ministry

Bappepti said the potential of and innovations made by local players in crypto market in Indonesia are promising and expected to continue growing.

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12:37 | Feb 22, 2022

Indonesia Tightens Monitoring on Crypto Assets

New crypto asset that will be traded should be registered with Bappebti first through registered crypto-asset physical merchant candidate to be evaluated based on the regulations

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07:15 | Feb 14, 2022

Bank Indonesia's Digital Currency Can Counter Crypto: Expert

An economics expert positively welcomes Bank Indonesias plan to issue central bank digital currency, or CBDC, as its deemed the right countermove against cryptocurrency that has been growing very rapidly in the country.

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16:15 | Dec 13, 2021

Technology Innovation Faster than Consumer Literacy: Financial Authority

Financial inclusion rises to more than 76 percent, while Financial Literacy just reached 38 percent, said Indonesia Financial Services Authority.

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06:45 | Dec 03, 2021

Forbids Cryptocurrency, Allows Cryptoasset: Indonesia Islamic Authority

Indonesias Ulema Council (Majelis Ulama Indonesia or MUI), the countrys top Islamic body that holds the authority on Shariah compliance, has declared the use of crypto as a currency haram. While crypto as an asset is allowed.

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10:18 | Nov 15, 2021

Cryptocurrency is Considered Forbidden in Islam

A branch of Nahlatul Ulama, one of the largest Islamic organizations in Indonesia, announces that cryptocurrency is haram or forbidden to use based on Islamic law.

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20:30 | Oct 27, 2021