Indonesia's Crypto Transactions Soar to $1.92 Billion in February: Regulator Reports

Indonesias cryptocurrency market witnessed a surge in transactions, climbing to 30 trillion Indonesian Rupiah ($1.92 billion) in February, according to the Commodity Futures Trading Supervisory Agency (Bappebti). This uptick is attributed to growing investor interest, with registered cryptocurrency users hitting 19 million, up by 170,000 from January. Bappebti forecasts a rebound in 2024, aiming to surpass the $51.28 billion transaction volume of the previous bull run, buoyed by Bitcoins rally and positive market sentiments. The agency also suggests potential changes in tax policies...


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