Regulation & New Policies
The Indonesian government will increase cryptocurrency transaction taxes starting August 1, 2025. Sellers on domestic exchanges will be taxed 0.21% (up from 0.1%), while transactions through foreign exchanges will be taxed 1% (up from 0.2%). VAT for buyers will be removed, and taxes for miners (VAT 2.2%) will increase from 1.1%. The special mining rate of 0.1% will be removed starting in 2026, and income will be subject to regular income tax.
In the United States, the Trump administration released the latest policy report (July 30, 2025) urging comprehensive regulation for crypto—especially stablecoins, DeFi, and AML/CFT. The report emphasizes the roles of the SEC, CFTC, and legislators in creating legal clarity in the crypto market.
On July 18, 2025, President Trump signed the GENIUS Act, the first federal regulation for stablecoins that guarantees asset reserves with high transparency. This legislation has become a major driver of the global crypto market surpassing a capitalization of USD 4 trillion.
🤝 Collaboration & Institutional Adoption
JPMorgan Chase is collaborating with Coinbase, allowing customers to use Chase credit cards to purchase crypto starting fall 2025, and later convert card rewards to the stablecoin USDC. This marks the entry of major banking institutions into the crypto space.
Christie’s International Real Estate has launched a special division for luxury property transactions using cryptocurrency, in an effort to meet high demand from wealthy buyers seeking anonymity and efficiency. The current portfolio exceeds USD 1 billion.
📈 Company & Market News
The cryptocurrency exchange Kraken plans to raise USD 500 million with a valuation of USD 15 billion—a reflection of increasing investor demand for companies in the crypto sector.
Although previous expectations mentioned the potential strategic bitcoin reserves in the US, the latest reports do not provide details about the project. However, the industry remains optimistic due to other regulatory developments.
---
🧠 Conclusion
Stable market: BTC remains stable above USD 118K, ETH strengthens past USD 3,800.
Regulations are becoming clearer, both in the US and Indonesia. Indonesia is raising taxes while the US is strengthening the legal framework for stablecoins and DeFi.
Institutions are becoming increasingly active: major banks and renowned real estate companies are starting to engage directly in the crypto market.
Optimistic sentiment towards the future of the crypto industry, but there remains pressure from new regulations and global macro risks.