Indonesian crypto exchanges lose 72%! It loses $1.1 billion in tax revenue a year72% of licensed cryptocurrency exchanges in Indonesia lost money, with 2,000 users. The transaction volume fell from 650 trillion to IDR 482 trillion (300 billion US dollars). Users VPN flee to overseas platforms to get low fees, fast cash withdrawals, and tax exemptions. Indodax hacker lost IDR 600 million to trigger investigation. In January 2025, the OJK took over regulation and issued 29 licenses, intensifying involution.
MarketWhisper·01-30 02:46