Dear friends in the crypto community, starting August 1, Indonesia's crypto scene is going to change drastically! The government’s new policy is simple and brutal — small increases domestically, large increases abroad, buyers pay nothing, and miners take on more burdens, it’s a vivid drama of robbing the rich to help the poor in the crypto world! Old Zhao will explain it clearly from a spectator's perspective, and you'll understand how impressive this operation is!
One, a major reshuffle of transaction costs: retail investors are secretly happy, while speculators are going to cry.
1. Local platform 'mosquito meat' price increase.
Selling coins on Indonesia's local exchanges, the tax rate rises from 0.1% to 0.21%. For example: Selling $10,000 worth of cryptocurrency, you originally paid $10 in tax, now you pay $21, an extra $11. Retail investors: Is that it? Just a drizzle, let's trade and stir the pot!
2. Overseas platforms raise prices drastically.
But if you love using overseas platforms like Binance and Coinbase, the selling tax skyrockets from 0.2% to 1% (a five-fold increase!). For example, selling $100,000, you originally paid $200, now you pay $1,000. Speculators are directly confused: "This is not trading, this is sending warmth to the government!" It looks like a lot of people will return to local platforms, and overseas exchanges are likely to suffer.
3. Buyers directly benefit from tax reform.
The happiest are the coin buyers! Originally, buying coins required paying a VAT of 0.11%~0.22%, but now it's all exempt! For those who regularly invest, buy the dip, or hoard coins, this move is equivalent to the government giving you a red envelope. Old Zhao calculated: 60% of Indonesia's crypto users are young people aged 18-30; this operation is likely to attract more newcomers to enter the market, and it will get lively again!
Two, a fierce battle among exchanges: local platforms win easily, overseas platforms suffer.
Local exchanges: Windfall profits!
With the tax difference widened, Indonesia's local platforms suddenly become hot commodities. User numbers and trading volume are expected to skyrocket, and liquidity will improve (orders will be easier to execute). Old Zhao predicts: Local exchanges are likely to celebrate overnight with champagne, and their advertising slogan is already thought out — still better on their own platform!
Overseas exchanges: User withdrawal warning!
Especially for high-frequency traders and arbitrageurs, calculating their profits directly shatters their hearts: Half of the money earned in Indonesia goes to taxes? If giants like Binance don't have some countermeasures, their market share may be eaten away by local exchanges.
Internal capital circulation: Government’s wall-building technique.
The government's wall-building technique is smooth — locking capital in the domestic regulatory system may strengthen the local ecosystem in the long run. Old Zhao says a big truth: This is not about collecting taxes; it's about boosting the local crypto scene!
Three, miners face precise strikes: small mines are going to suffer, large mines will feast.
1. Mining costs soar.
The VAT for miners has doubled from 1.1% to 2.2% (another cut after electricity and equipment costs). Even harsher, starting in 2026, the 0.1% preferential tax will be eliminated and replaced with ordinary income tax (up to 35%!). Small mines: This is not mining, this is working for the government! Profits go to zero? Directly bankrupt!
2. Large mines will laugh last.
Large-scale mining companies rely on low-cost electricity and bulk purchases to sustain themselves; industry concentration may increase. Old Zhao jokes: In the future, mining will likely depend on 'scale of the mining site', retail investors? Go home and farm!
Four, what kind of medicine is the government selling in the gourd?
Old Zhao reveals three truths to you:
1. Raise taxes: Last year, Indonesia's cryptocurrency trading volume was $39 billion, and tax revenue actually fell by 63% (users all ran to overseas platforms), the new regulations are to close the loopholes!
2. Control domestically: Define cryptocurrencies as financial assets for unified regulation (similar to stocks), while suppressing overseas platforms to protect local businesses.
3. Attracting retail investors: Giving buyers tax exemptions is like a sweetener, encouraging young people to enter the market (60% of Indonesian crypto users are young people aged 18-30).
The policy has just taken effect, and the market will have an adjustment period; short-term fluctuations are inevitable. But in the long run, Indonesia's determination to become a cryptocurrency hub in Southeast Asia remains unchanged (after all, even Hong Kong's OSL exchange has invested heavily to enter the market), local compliant platforms may actually benefit. Old Zhao finally said: The crypto community is always full of drama; sit tight and watch the show!#稳定币热潮
