Indonesia | Crypto

Indonesia blocked Polymarket after users bet on President Prabowo Subianto leaving office early, citing gambling concerns and expanding global scrutiny of prediction markets. Indonesia blocked access to Polymarket after the prediction market platform hosted wagers on whether President Prabowo Subianto would leave office before the end of his term. Indonesia’s Ministry of Communication and Digital Affairs (Komdigi) announced the block on Friday, describing Polymarket as an “online gambling site disguised as a prediction market.” "The government will not allow any form of online gambling in Indonesia,” ministry official Alexander Sabar said, adding: “Activities like Polymarket involve betting and speculation on uncertain outcomes, thus violating Indonesian law.” Read more

Indonesia’s OJK has officially whitelisted 29 licensed crypto exchanges, providing investors with clear guidance on which platforms are authorized to operate and ensuring safer trading in the country’s digital asset market. The post Indonesia’s OJK Whitelists 29 Licensed Crypto Platforms: See Who Made the Cut appeared first on Cryptonews.

Indonesia’s OJK has identified 29 licensed digital asset and crypto trading platforms, just weeks after tightening digital asset rules. Indonesia’s Financial Services Authority (OJK) has published a whitelist of 29 licensed crypto platforms, officially spelling out which exchanges are legally allowed to operate in the country.  The list, which includes names of entities and their apps or platforms, is meant to serve as an official reference for users to verify whether a provider is properly licensed before trading.  OJK has urged the public to transact only with entities on the list and to treat unlisted platforms as unlicensed operators. Read more

Bank Indonesia launches plans for a digital rupiah backed by government bonds, reflecting ongoing efforts to integrate blockchain into monetary operations. The post CBDC with Stablecoin Mechanics: Indonesia’s Digital Rupiah to Be Backed by Government Bonds appeared first on Cryptonews.

Bank Indonesia will issue tokenized government bond–backed digital securities built on its digital rupiah CBDC, calling it the nation’s “stablecoin version.” Bank Indonesia (BI), Indonesia’s central bank, is moving ahead with plans to issue what it describes as its “national stablecoin version,” a digital currency backed by government bonds (SBN). The initiative was unveiled by central bank Governor Perry Warjiyo during the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025 in Jakarta on Thursday, according to a report by CNBC Indonesia. During the summit, Warjiyo said Bank Indonesia plans to issue digital central bank securities, which are tokenized versions of SBN. The digital securities will be backed by the digital rupiah, the country’s central bank digital currency (CBDC). Read more

Indonesia’s crypto industry could add $16.5 billion to the economy and create 1.22 million jobs. The post Indonesia’s Crypto Industry Could Add $16.5B to Economy, Create 1.2M Jobs: Report appeared first on Cryptonews.

Indonesia’s crypto tax has logged its highest take, 620 billion rupiah in 2024, after rule updates and 650 trillion-rupiah trading volumes. With 20 million users, mainly under 30, officials now see 2025 revenue sliding as price swings and new exchange levies reshape activity. The post Indonesia’s Crypto Tax Revenue Skyrockets 181% – But Volatility Raises Red Flags appeared first on Cryptonews.