Indonesia

Banking the unbanked is a common theme among cryptocurrency proponents

Indonesia will begin taxing crypto transactions by May 1, charging 0.1% on both VAT and income tax

Joint venture would allow Binance access to the fast-growing Indonesian market, with institutional support from the nation’s largest bank

Indonesia has more crypto than stock traders and a burgeoning DeFi industry. StraitsX also issues the SGD stablecoin in Singapore.

The group regards the speculative nature of cryptocurrency as problematic — a subject of some debate in other Muslim-majority countries.