Indonesia

In brief Indonesian authorities blocked Polymarket on Friday, citing violations of local gambling laws. The ministry is tracing affiliated social media accounts …

Authorities stated that using crypto or blockchain doesn’t change platforms that let users wager on uncertain outcomes from being gambling products. www.coindesk.com

Indonesia’s cryptocurrency trading activity experienced a 335.9% expansion in 2024, reaching Rp 650.61 trillion ($40.2 billion), as reported by the Jakarta Globe. …

Indonesia is in a race to transition oversight of the country’s digital asset sector from the Trade Ministry to the financial services …