Indonesia’s Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin’s Surge

Blockonomics
Shenna Peter
Changelly



On the other hand, bitcoin (BTC) jumped 159% in 2023. Despite this significant market upturn, Indonesia’s crypto tax revenue experienced a downturn, paralleling a 51% decrease in the country’s crypto transaction volumes during 2023 compared to the previous year in 2022.



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