#CreatorPad
The development of crypto in Indonesia has shown significant growth in recent years. Here are some indicators that demonstrate this development:
- *Number of Customers*: The number of crypto asset customers in Indonesia has reached 21.27 million people from February 2021 to September 2024, with the value of crypto asset transactions exceeding Rp 426.69 trillion during the same period.
- *Transaction Growth*: The value of crypto asset transactions has increased by 351.97 percent year-on-year, from Rp 94.41 trillion to Rp 426.69 trillion.
- *State Revenue*: State revenue from crypto transaction taxes has recorded Rp 914.2 billion from 2022 to September 2024.
- *Blockchain-Based Companies*: More than 2,251 blockchain-based companies have been registered in the Indonesian Standard Classification of Business Fields (KBLI) 62014 as of July 2024, showing a surge of up to 72% compared to 2023.
- *Regulation*: The Indonesian government has issued several regulations to oversee and develop the crypto industry, including Bappebti Regulation Number 9 of 2024 which allows institutional investors to invest in crypto assets through licensed local crypto platforms of Physical Crypto Asset Traders (PFAK).
Some popular crypto assets in Indonesia include¹ ²:
- *Tether (USDT)*: Becoming the favorite crypto asset among crypto investors from January to November 2024.
- *Bitcoin (BTC)*: One of the most traded crypto assets in Indonesia.
- *Doge Coin (DOGE)*: Another crypto asset that often ranks in the top 5.
- *Pepe (PEPE)*: A crypto asset that is also popular among Indonesian investors.
- *XRP (XRP)*: Another highly traded crypto asset in Indonesia.
With this significant development, Indonesia has the potential to become one of the leading countries in blockchain and crypto innovation in Southeast Asia.
The development of crypto in Indonesia has shown significant growth in recent years. Here are some indicators that demonstrate this development:
- *Number of Customers*: The number of crypto asset customers in Indonesia has reached 21.27 million people from February 2021 to September 2024, with the value of crypto asset transactions exceeding Rp 426.69 trillion during the same period.
- *Transaction Growth*: The value of crypto asset transactions has increased by 351.97 percent year-on-year, from Rp 94.41 trillion to Rp 426.69 trillion.
- *State Revenue*: State revenue from crypto transaction taxes has recorded Rp 914.2 billion from 2022 to September 2024.
- *Blockchain-Based Companies*: More than 2,251 blockchain-based companies have been registered in the Indonesian Standard Classification of Business Fields (KBLI) 62014 as of July 2024, showing a surge of up to 72% compared to 2023.
- *Regulation*: The Indonesian government has issued several regulations to oversee and develop the crypto industry, including Bappebti Regulation Number 9 of 2024 which allows institutional investors to invest in crypto assets through licensed local crypto platforms of Physical Crypto Asset Traders (PFAK).
Some popular crypto assets in Indonesia include¹ ²:
- *Tether (USDT)*: Becoming the favorite crypto asset among crypto investors from January to November 2024.
- *Bitcoin (BTC)*: One of the most traded crypto assets in Indonesia.
- *Doge Coin (DOGE)*: Another crypto asset that often ranks in the top 5.
- *Pepe (PEPE)*: A crypto asset that is also popular among Indonesian investors.
- *XRP (XRP)*: Another highly traded crypto asset in Indonesia.
With this significant development, Indonesia has the potential to become one of the leading countries in blockchain and crypto innovation in Southeast Asia.