TechFlame news, on July 30, according to Reuters, the Indonesian Ministry of Finance issued new regulations to raise the cryptocurrency transaction tax rate from August 1, with the transaction tax rate for overseas exchanges increasing even more.

According to the new regulations, sellers who trade cryptocurrencies on domestic exchanges are required to pay 0.21% transaction tax (previously 0.1%), while the seller tax rate for transactions on overseas exchanges will be raised from 0.2% to 1%. At the same time, the new regulations eliminated 0.11-0.22% VAT that buyers were previously required to pay.

Additionally, the VAT rate for cryptocurrency mining will be raised from 1.1% to 2.2%. Starting in 2026, cryptocurrency mining revenue will no longer be subject to a special income tax rate of 0.1% and will be taxed at the personal income tax or corporate income tax rate

.

According to the data, total cryptocurrency transactions in Indonesia reached IDR 650 trillion (US$39.67 billion) in 2024, a double increase over the previous year. The country's cryptocurrency exchange has more than 20 million users, which has surpassed the number of

stock market investors.