Indonesian Project Makes Bitcoin Available at 10,000 Stores
Residents of Indonesia can now buy and receive bitcoin over the counter at over 10,000 'Indomaret' convenience stores around the country. The project was developed on the initiative of Bitcoin Indonesia and will run through its exchange Bitcoin.co.id in partnership with payment processor iPaymu. bitcoin.co.id's promotional poster. According to Bitcoin Indonesia founder Oscar Darmawan, this now puts bitcoin within easier reach of the country's large unbanked population, estimated at over 200 million. According to the World Bank's Financial Inclusion Data from 2011, only 20% of Indonesians....
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It is now a lot easier for Indonesians to buy Bitcoin. Bitcoin.co.id, Indonesia's rising Bitcoin website, has landed a groundbreaking deal with Indomaret to help Indonesia's over 238 million residents to fund their Bitcoin.co.id accounts. Indonesians now have access to Bitcoin at more than 10,000 Indomaret convenience stores across Indonesia where they can "top up" Indonesian Rupiah on their Bitcoin.co.id account and then trade for Bitcoin. Indomaret is headquartered in Jakarta, the capital of Indonesia. In 1988 the first official Indomaret store opened its doors. Other Bitcoin services....
We have obviously heard of stores that accept bitcoins. Then came "Bitcoin boulevards" - and now one initiative is trying to create a set of Bitcoin islands. The founder and CEO of Bitcoin Indonesia, Oscar Darmawan, has been making efforts to make Bali the first "bit islands." Recently the founder of Coin Of Sale, Tomas Forgac, partnered up for the project; however, several other Bitcoin payment processors are supporting the vision such as Artabit.com, CoinPip.com, and TukarCash.com. Oscar Darmawan is "currently managing [the] biggest Bitcoin Exchanger in Indonesia and act[s] as spoke....
The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchases.
Indonesia to Start Taxing Crypto Income at 0.1%
The Indonesian Directorate General of Taxes, the Ministry of Finance, has set income tax (PPh) on capital gains from crypto investments and value-added tax (VAT) on crypto purchases at 0.1%.
Hestu Yoga Saksama, director of tax regulations for the Ministry of Finance, told CNN Indonesia Friday:
That’s....
Bitcoin is different from fiat currency but some fail to understand it. Tiyo Triyanto makes an attempt to clear the confusion with his latest blog post. There is so much hype about cryptocurrencies at the moment, but some of them are for all the wrong reasons. Bitcoin is hailed as the future of the economy, at the same time there are complaints about its sustainability and volatility. Tiyo Triyanto, an Indonesian entrepreneur rightly says that Bitcoin is not for everyone in his recent blog post. Tiyo Triyanto, an Indonesian entrepreneur currently with BitX makes a list of people who should....
The Indonesian government is set to launch a crypto bourse by the end of this year, a high-ranking government official reportedly revealed. “We will make sure that every requirement, procedure, and the necessary steps have been taken,” he emphasized.
Crypto Bourse Coming Soon in Indonesia
The Indonesian government is planning to launch a crypto bourse by year-end, Dealstreetasia reported Wednesday, citing Indonesia’s Deputy Trade Minister Jerry Sambuaga.
Speaking on the sidelines of NXC International Summit 2022 by WIR Group in Bali, the trade....