Indonesia is exploring a national Bitcoin reserve, says local group

Indonesia is exploring a national Bitcoin reserve, says local group

Indonesia is exploring Bitcoin as a reserve asset, with Bitcoin Indonesia discussing its potential to drive economic growth via mining and education initiatives with Vice President Gibran Rakabuming Raka’s office. Despite a crypto payment ban, enforcement is lax. Recent tax hikes on crypto trading and mining reflect stricter policies, but Indonesia’s low debt-to-GDP ratio and controlled inflation reduce urgency for Bitcoin as an inflation hedge.