Indonesia will raise taxes on cryptocurrency transactions, with a higher rate on trades hosted by overseas bourses, starting from August 1, according to a new finance ministry regulation. Cryptocurrencies have become a popular investment option in Southeast Asia's largest economy, where they are legally traded but cannot be used as a means of payment. The total transaction value of crypto assets tripled in 2024 from a year earlier to more than 650 trillion rupiah ($39.67 billion), regulator data showed. There were over 20 million users in crypto exchanges in the country in 2024, more than the number of investors in ... (full story)