Indonesia

    Crypto / Digital Assets

    Indonesia to Start Taxing Crypto Investments, Fintech Services in May

    By Editors | 10/04/2022

    Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.

    Market Infrastructure

    Indonesia Designates IndONIA as Overnight Rupiah Benchmark

    By Editors | 03/04/2022

    Regulators are calling on market participants to increase the use of IndONIA as an interest rate benchmark in rupiah financial products and instruments.

    Capital / Liquidity

    Bank Indonesia Offers Incentives for Inclusive Financing Activities

    By Editors | 04/03/2022

    Banks that expand priority sector credit and inclusive financing beyond certain thresholds can reduce their statutory reserve requirements.

    Securities / Derivatives

    BIS Launches Green Bond Fund Dedicated to APAC Region

    By Editors | 28/02/2022

    This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.

    Market Infrastructure

    Bank Indonesia Deepens Ties with BOK Under New MoU

    By Editors | 20/02/2022

    The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.

    Fintech / Regtech

    Indonesia Advances Local Currency Use in Cross-border Settlement

    By Editors | 17/02/2022

    Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.

    Fintech / Regtech

    More Banks Join Indonesia’s New Fast Payments System

    By Sanday Chongo Kabange | 07/02/2022

    BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.

    Market Infrastructure

    Malaysia, Indonesia Launch Cross-border QR Payments Linkage

    By Editors | 27/01/2022

    The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.

    Fintech / Regtech

    Singapore, Indonesia to Deepen Cooperation on Payments, AML

    By Editors | 22/01/2022

    MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.

    Market Infrastructure

    Indonesian Regulators Publish LIBOR Transition Guide

    By Editors | 28/12/2021

    The guide recommends five steps for market participants with LIBOR exposures, to help them respond to and prepare for the transition.

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