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Indonesia to raise tax rate on crypto transactions
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)
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From @realDonaldTrump|Jul 30, 2025|6 comments
THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!
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From @realDonaldTrump|Jul 30, 2025|10 commentsRemember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!
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