During the presidential campaign, vice-presidential candidate Gibran discussed crypto and blockchain as a means to expand job opportunities for the country’s younger generation.
Thailand’s SEC has updated its rules by removing retail investors’ limits for asset-backed tokens, creating new rules for custodians and giving them a larger role in monitoring digital asset business.
Another candidate pair is made up of presidential hopeful Ganjar Pranowo and his running mate Mahfud MD, who is a veteran politician and constitutional law expert. They haven’t talked about crypto during the campaign, but back in 2022, when non-fungible tokens (NFT) were having a moment, Ganjar, the governor of Central Java at that time, praised the creativity of NFTs.
“Both stocks and crypto are tradable assets with profit potential … Thus, implementing the same tax regime for both these investment instruments would be more equitable and consistent,” Yudhono Rawis, CEO of exchange platform Tokocrypto told CoinDesk Indonesia.
The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations.
“There is a deadline for prospective crypto exchanges. If they do not register by the specified time, they will automatically be unable to operate in Indonesia,” Robby said, adding that the deadline is Aug. 17, 2024. If they want to continue operating, crypto exchanges must also obtain licenses, Robby said.
Indonesia’s dynamic crypto market is a focus for politicians looking to use it to fuel the country’s economic growth.