According to Reuters, the Indonesian Ministry of Finance has issued new regulations to increase the tax rates related to crypto transactions starting from August 1: the transaction tax rate for sellers on local exchanges will be raised from 0.1% to 0.21%, while for sellers on overseas platforms it will be increased from 0.2% to 1%; buyers will no longer pay value-added tax, which was originally set at 0.11%-0.22%. In addition, the value-added tax rate for crypto mining will be raised from 1.1% to 2.2%, with the previous applicable rate being 0.1%.

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