Indonesia to Raise Crypto Transaction Taxes While U.S. Looks to Cut Them

Indonesia’s crypto space is currently undergoing a significant shift as the government is introducing revised tax regulations effective August 1. The new tax regime imposes a 0.21% levy on domestic crypto trades and a 1% tax on international exchange transactions. The updated framework seeks to tap into the burgeoning crypto sector’s growing revenue potential, driven by its explosive user growth of over 20 million.