Indonesian Crypto Transactions Soar Rapidly, Dominated by PEPE and Bitcoin
The crypto asset market in Indonesia continues to show significant growth. Based on the latest data from the Commodity Futures Trading Supervisory Agency (Bappebti), the value of crypto asset transactions in Indonesia in July 2024 showed a significant increase, reaching IDR 42.34 trillion.
This figure reflects an increase of 3.69% from the previous month which recorded a value of IDR 40.83 trillion. This increase not only reflects growing interest among crypto investors, but also strengthens Indonesia's position as one of the most dynamic crypto markets in the Southeast Asia region.
In a broader perspective, the industry's annual performance looks very impressive. From January to July 2024, the total transaction value has reached IDR 344.09 trillion, which means there is a jump of 353.94% compared to the same period last year. These figures show that crypto adoption in Indonesia is increasingly widespread, supported by technological innovation, increased public awareness, and increasingly supportive regulations.
On the other hand, the tax value collected from crypto asset transactions in the period from January to July 2024 was recorded at IDR371.28 billion. If added to the period from January 2022 to July 2024, the total tax collected reached IDR838.56 billion. This shows that the growth of the crypto industry not only benefits market players but also makes a significant contribution to state revenue. In addition to the increase in transaction value, the number of crypto asset customers in Indonesia also continues to grow. As of July 2024, Bappebti noted that there were around 20.59 million crypto asset customers in Indonesia. This shows an increase of 348,769 customers in just one month, reflecting the high interest of the public in crypto investment.#TipsTradingFutures #CryptoExplorerFiesta #BTC #nft 2#BNB $BTC