Indonesia considering tax on cryptocurrencies

The Southeast Asian country has been seeking to shore up state revenues amid the coronavirus pandemic, though a tax scheme for cryptocurrency was still at the discussion stage, according to Reuters.

Indodax, a crypto exchange platform that claim to be the largest in Indonesia, said by April 2021 the number of active members on its platform hit three million as the price of Bitcoin and other crypto assets reached record highs. The number of members at Indodax rose from around 2.3 million at the start of 2021.