Indonesia, one of the world's fastest adopters of crypto, saw a dramatic 60% slump in transaction volume on exchanges in 2023 compared to the previous year – and the industry says high taxes may be one factor driving traders away. In Indonesia, crypto assets are treated as commodities and are subject to income tax as well as value-added tax (VAT). Leading crypto exchanges in Indonesia say that the sum of total taxes paid on each transaction can exceed trading fees charged by exchanges for transactions. The industry fears that the heavy burden of taxes and trading fees on traders could be discouraging them from buying crypto.
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Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,973.00
▲ +1.10%
ETH
$1,915.80
▲ +0.80%
USDT
$0.999516
▲ +0.00%
BNB
$593.99
▲ +1.50%
USDC
$0.999757
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.84
▲ +2.50%
TRX
$0.327629
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.64
▼ -1.80%
DOGE
$0.070355
▲ +1.50%
USDS
$0.999894
▲ +0.00%
RAIN
$0.012687
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$507.08
▲ +0.60%
ADA
$0.19921
▼ -0.90%
XMR
$381.39
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.28
▲ +0.90%
XLM
$0.163834
▲ +1.20%
DAI
$0.999754
▲ +0.00%
BCH
$217.07
▲ +0.70%
USD1
$0.999956
▲ +0.00%
USDE
$0.999711
▲ +0.00%
GRAM
$1.36
▲ +1.40%
Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,973.00
▲ +1.10%
ETH
$1,915.80
▲ +0.80%
USDT
$0.999516
▲ +0.00%
BNB
$593.99
▲ +1.50%
USDC
$0.999757
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.84
▲ +2.50%
TRX
$0.327629
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.64
▼ -1.80%
DOGE
$0.070355
▲ +1.50%
USDS
$0.999894
▲ +0.00%
RAIN
$0.012687
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$507.08
▲ +0.60%
ADA
$0.19921
▼ -0.90%
XMR
$381.39
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.28
▲ +0.90%
XLM
$0.163834
▲ +1.20%
DAI
$0.999754
▲ +0.00%
BCH
$217.07
▲ +0.70%
USD1
$0.999956
▲ +0.00%
USDE
$0.999711
▲ +0.00%
GRAM
$1.36
▲ +1.40%
BTC
$64,973.00
▲ +1.10%
ETH
$1,915.80
▲ +0.80%
USDT
$0.999516
▲ +0.00%
BNB
$593.99
▲ +1.50%
USDC
$0.999757
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.84
▲ +2.50%
TRX
$0.327629
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.64
▼ -1.80%
DOGE
$0.070355
▲ +1.50%
USDS
$0.999894
▲ +0.00%
RAIN
$0.012687
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$507.08
▲ +0.60%
ADA
$0.19921
▼ -0.90%
XMR
$381.39
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.28
▲ +0.90%
XLM
$0.163834
▲ +1.20%
DAI
$0.999754
▲ +0.00%
BCH
$217.07
▲ +0.70%
USD1
$0.999956
▲ +0.00%
USDE
$0.999711
▲ +0.00%
GRAM
$1.36
▲ +1.40%
Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,973.00
▲ +1.10%
ETH
$1,915.80
▲ +0.80%
USDT
$0.999516
▲ +0.00%
BNB
$593.99
▲ +1.50%
USDC
$0.999757
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.84
▲ +2.50%
TRX
$0.327629
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.64
▼ -1.80%
DOGE
$0.070355
▲ +1.50%
USDS
$0.999894
▲ +0.00%
RAIN
$0.012687
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$507.08
▲ +0.60%
ADA
$0.19921
▼ -0.90%
XMR
$381.39
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.28
▲ +0.90%
XLM
$0.163834
▲ +1.20%
DAI
$0.999754
▲ +0.00%
BCH
$217.07
▲ +0.70%
USD1
$0.999956
▲ +0.00%
USDE
$0.999711
▲ +0.00%
GRAM
$1.36
▲ +1.40%
