According to the latest plan by the Indonesian government, the cryptocurrency trading market is expected to experience explosive growth this year. The total trading volume for the year is projected to be between $31 billion and $32 billion, which is a significant leap compared to the past few years. Meanwhile, the number of cryptocurrency investors in the country is also expanding and is expected to surpass 20.19 million.
From a tax perspective, this growth has also brought tangible revenue to the government. As of November, the cumulative tax revenue from the cryptocurrency industry has reached between $45 million and $47 million. This indicates that as the market size expands, regulatory frameworks improve, and investor participation increases, compliant operations have become a major trend in the industry. Mainstream cryptocurrencies such as XRP, ETH, and SOL have also gained more attention from institutional and retail investors during this process.
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SignatureVerifier
· 5h ago
wait, indonesia hitting $310-320B in volume? technically speaking, those numbers require some serious validation work before i start believing them. like, insufficient documentation on where these figures actually come from... could just be projections nobody's properly audited yet tbh
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LightningAllInHero
· 16h ago
This move in Indonesia is quite impressive, with a trading volume of over $30 billion, and the government can still collect taxes... Compliance is truly the trend of the times.
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LiquidationWatcher
· 16h ago
Is this data from Indonesia real? A trading volume of 31 billion USD sounds a bit suspicious...
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CommunityLurker
· 16h ago
This move in Indonesia is quite impressive; compliance is really the trend of the times.
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RugPullProphet
· 16h ago
This wave of growth in Indonesia is a bit crazy, from 31 billion to 32 billion dollars... the sense of compliance is becoming more and more pronounced.
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DaoGovernanceOfficer
· 16h ago
ngl the tax revenue metrics here are actually interesting—$45-47M is a solid signal for institutional adoption, data doesn't lie. but let's be real, compliance theater won't solve the actual governance problems these emerging markets face. where's the token-weighted voting framework for treasury allocation? 🤔
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SchrodingerWallet
· 16h ago
Indonesia's growth is crazy this time, but what I'm more concerned about is when our market will catch up?
According to the latest plan by the Indonesian government, the cryptocurrency trading market is expected to experience explosive growth this year. The total trading volume for the year is projected to be between $31 billion and $32 billion, which is a significant leap compared to the past few years. Meanwhile, the number of cryptocurrency investors in the country is also expanding and is expected to surpass 20.19 million.
From a tax perspective, this growth has also brought tangible revenue to the government. As of November, the cumulative tax revenue from the cryptocurrency industry has reached between $45 million and $47 million. This indicates that as the market size expands, regulatory frameworks improve, and investor participation increases, compliant operations have become a major trend in the industry. Mainstream cryptocurrencies such as XRP, ETH, and SOL have also gained more attention from institutional and retail investors during this process.