JUST IN: 🇮🇩 Indonesia to raise crypto transaction taxes from August 1 • Tax on local exchange sellers: 0.21% (up from 0.1%) • Tax on foreign exchange sellers: 1% (up from 0.2%) • VAT on buyers scrapped • Crypto mining VAT doubled to 2.2% • Special mining income tax removed, standard income/corporate tax to apply from 2026 Indonesia recorded over 39B in crypto trades in 2024, triple the year before. Source: Reuters(Crypto India)