Indonesia plans to set up a crypto exchange this year before it shifts regulatory powers over such assets from commodity futures trading supervisory body Bappebti to Financial Services Authority (FSA).
Jakarta (VNA) – Indonesia plans to set up a crypto exchange thisyear before it shifts regulatory powers over such assets from commodity futurestrading supervisory body Bappebti to Financial Services Authority (FSA).
Head of Bappebti Didid Noordiatmoko said on January 4 that as a part of a broader financial reform, cryptooversight will be taken from Bappebti to FSA in the next two years, bywhich time the exchange should be set up.
Indonesiahas been supportive of crypto assets albeit wary of it competing against therupiah, which is the only legal tender in the country. The central bank hasissued a white paper to map out its digitalcurrency while a recently passed lawrecognises cryptocurrency and digital assets as regulated financial securities.
There were16 million crypto investors in Indonesia in the first 11 months of last year, upfrom 11.2 million at the end of 2021. Trading value shrank to about 300trillion rupiah (19.2 billion USD) during that period, a fraction of the 859 trillionrupiah seen in the previous year.
There are curren🧜tly 383 crypto assets and 10 local coins that can betraded in Indonesia, with another 151 assets and 10 coins under revi🦹ew byBappebti./.
The Indonesian Ministry of Trade's Commodity Futures Trading Regulatory Agency (Bappebti) is tightening the supervision of crypto asset trading in order to ensure that investors receive clear information on every traded crypto asset.
Indonesia’s tax compliance special staffer Yon Arsal has said the country has collected nearly 6.8 million USD each month since the imposition of crypto and fintech transaction taxes in May.
Indonesia’s Ministry of Trade plans to issue a new rule to manage crypto transaction floors, requiring two-thirds of directors and commissioners at crypto firms to be its citizens and reside in the country.
Singapore wants to be a global crypto hub, but not be a centre for trading and speculating on cryptocurrencies, Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), has said.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Bank Indonesia (Photo: Bloomberg) 
