Share this article
Indonesia to Raise Taxes on Crypto Transactions: Reuters
Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said.
Jul 30, 2025, 3:10 p.m.
What to know:
- Indonesia plans to raise taxes on crypto transactions by Aug. 1.
- The new measures come after the total transaction value of crypto on the country's exchanges more than tripled last year.
Indonesia plans to raise taxes on crypto transactions by Aug. 1 as crypto investing grows more popular, Reuters reported citing a new regulation from the Ministry of Finance.
Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said. For sellers using overseas exchanges the charge increases to 1% from 0.2%. There is some relief: Crypto buyers will no longer be subject to value added tax (VAT) under the new rules.
STORY CONTINUES BELOW
The new measures come after the total transaction value of crypto on the country's exchanges more than tripled to 650 trillion rupiah ($39.5 billion) in 2024 from the year before, Reuters said, citing regulator data. A total of 20 million people used the exchanges last year, Reuters added. Indonesia started licensing crypto exchanges after it passed legislation in 2019.
The country also increased the VAT rate for mining crypto from 2.2% to 1.1%, Reuters reported.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Iran accepts cryptocurrency as payment for advanced weapons
Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.
What to know:
- Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
- The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
- The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.
Top Stories
