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The Indonesian government is searching for bitcoin as a reserved property, which has recently met the disc for disks so that the strategy can increase economic growth in the country.
Bitcoin Indonesia said in an X post on Monday, “We were invited to the Vice President’s office how Bitcoin could benefit the country.”
“We discovered a bold idea: using bitcoin mining as a national reserve strategy.”
“Yes, seriously. Added.
Indonesia is the four most populous country in the world with 280 million people. It has an estimated GDP (GDP) of $ 1.4 trillion, making it the 16th largest economy in the world.
Bitcoin mining opportunities, education among major areas of attention
The presentation of Bitcoin Indonesia included indications on how the country can take advantage of, it is abundant hydroelectric and geothermal resources to promote economic growth – a strategy that has inspired Bitcoin (BTC) to create a signatoror job building in other counties.
Bitcoin Indonesia said a meeting with the special staff of Indonesia Vice President, Gibran Rakbing Raka officer.
Bitcoiners also presented Michael Sayler’s prediction that Bitcoin would reach $ 13 million by 2045 in a base case and $ 49 million in a bull case.
Bitcoin Indonesia also emphasized the importance of Bitcoin education initiative for adoption, a representative of Indonesia’s office with a representative agreed with a representative:
Bitcoin Indonesia recalled the official serving, saying, “Indonesia should continue to be educated about bitcoins in future.”
The capacity of bitcoin for long-term price growth has attracted it to adopt it as a strategic reservation property to attract national-states like America, which connects other loans other than other loans other than a trip to domestic product (debt-to-GDP) ratio and defend against inflation.
This pitch can be less relative for Indonesia, how, because its debt-to-GDP is relatively low at 39%, which is opposite its annual inflation rate (till January 2025) 0.76%.
Indonesia recently produced anti-crypto policies
Indonesia Crypto allows trading but prohibits its use for payment.
Last Friday, Indonesia’s Finance Ministry raised taxes on crypto traders and miners. The incant tax on the sale of crypto through local exchanges doubled from 0.1% to 0.21%, which increased from 0.2% to 1% sales on foreign currency.
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Additionally, price-aided tax on crypto mining activities increased from 1.1% to 2.2%.
Crypto payment restrictions are not viewing comprehensive enforcement
Indonesia has done its work on crypto payments since 2017, and confirmed in 2023 that the Crypto payment visit will also be “firmly dealt with.”
Despite the restriction, the enforcement seems to be lux, with a co-co-coinlagraph report on the ground recently, Bali has openly visited several real-estate listings.
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