ChainCatcher news, global cryptocurrency exchange BXTEN announced on the 4th that it has signed an investment agreement with Indonesia's state-owned electricity company (PLN) and the broadcast media ICONPLAY operated jointly with SKYLBSTV.Through this investment agreement, BXTEN becomes the major shareholder of ICONPLAY SKYLBSTV and plans to focus its investment on expanding ICONPLAY's broadcasting business and enhancing content in the global market. BXTEN will allocate investment funds to expand ICONPLAY's IPTV server infrastructure and OTT business network, and develop joint marketing and promotion strategies in Indonesia.In addition, ICONPLAY plans to collaborate with Indonesian universities and educational institutions to launch a Web3 education program within the next 1-2 years, aiming to leverage BXTEN's expertise in blockchain content.A representative from BXTEN stated, "As a global Web3 platform, collaborating with Indonesia's national broadcasting company on media business is an innovation in the blockchain industry," and added, "With the expansion of ICONPLAY's infrastructure, both companies will position themselves as hubs for global blockchain content, including Web3 educational content and AI-driven blockchain technology."It is reported that BXTEN previously launched the blockchain and Web3 professional channel INDOCRYPTO on ICONPLAY last September, thus entering the Indonesian media industry.

ChainCatcher news, the Indonesian Criminal Investigation Agency (Bareskrim) has collaborated with Binance and Tokocrypto to capture a major fraud operation, identifying multiple suspects and seizing $200,000 in ill-gotten gains.Bareskrim has launched an investigation into a suspected trading fraud case involving a cryptocurrency trading website. The investigation confirmed that the website was part of a pig butchering scam. During the investigation, several individuals involved in managing accounts that received stolen funds were arrested. Authorities discovered approximately 50 mobile phones and several local bank cards, as well as banking applications, on the suspects' mobile phones and tablets. When asked about the cryptocurrency wallets they controlled, the suspects refused to cooperate.Through forensic analysis, Bareskrim investigators identified wallet addresses that may be controlled by the suspects and found supporting evidence in their communication records, particularly on Telegram. Their chat screenshots revealed several key wallet addresses, further linking the suspects to the fraud.Bareskrim has arrested individuals involved in managing the stolen funds.

ChainCatcher news, cryptocurrency exchange BXTEN held a roundtable meeting on September 9 with Indonesia's state-owned electricity company PLN and the media broadcasting company ICONPLAY, operated jointly with SKYLBSTV, to discuss topics such as the popularization of blockchain information.The meeting took place at ICONPLAY's headquarters in Jakarta, Indonesia, where both parties reached an agreement to collaborate on blockchain education, media content production, mutual research and exchange, co-planning Web3 industry events and programs, training blockchain professional broadcasters, and fully activating Indonesia's leading blockchain professional channel.It is understood that since the beginning of this year, BXTEN has met with ICONPLAY executives to discuss the establishment of a blockchain professional channel and collaboration on Web3 content media. This cooperation on the blockchain professional channel aligns with the strategic positioning of ICONPLAY's management, which consists of influential political and economic figures in Indonesia. As of 2023, Indonesia has over 20 million cryptocurrency investors and is becoming a hub for Web3 in Southeast Asia, making this partnership a significant contribution to blockchain education and market activation under the regulations of the Indonesian government.Reportedly, ICONPLAY is a state-owned platform broadcasting company based on the internet network of Indonesia's state-owned electricity company PLN. Since its official launch in August, the platform has broadcasted over 200 channels nationwide, offering a variety of programs including news, popular science, education, entertainment, music, and drama.

ChainCatcher news, according to CoinDesk, the blockchain analysis company Chainalysis has released its annual report showing that India and Nigeria continue to hold the top two positions in global cryptocurrency grassroots adoption, while Indonesia is the fastest-growing market. The main points are as follows:Indonesia jumped 4 places to third, becoming one of the fastest-growing crypto markets. In the Central and South Asia and Oceania (CSAO) region, Indonesia's annual growth rate is nearly 200%, with the highest value of cryptocurrency received at approximately $157.1 billion.India's return to the top may be attributed to its recent registrations with offshore exchanges such as Binance and KuCoin, providing more credibility to the crypto ecosystem.

ChainCatcher news, the Indonesian cryptocurrency trading platform Indodax announced on X platform that its security team has discovered potential security signs on the platform. A comprehensive maintenance is currently underway to ensure the entire system operates normally. During this maintenance, the INDODAX web platform and application are temporarily inaccessible. But there is no need to worry, as it can be ensured that users' cryptocurrency and rupiah balances remain 100% secure.

ChainCatcher news, according to Cyvers Alerts monitoring, the wallet of the Indonesian crypto trading platform indodax has conducted over 150 suspicious transactions across different networks, with a total loss of approximately 18.2 million USD. Suspicious addresses are exchanging various tokens for Ethereum.

ChainCatcher news, Binance's Tokocrypto has announced that it has successfully obtained the Physical Crypto Asset Trader (PFAK) license issued by Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti), making Tokocrypto the third exchange in Indonesia to receive the PFAK license. This milestone highlights Tokocrypto and Binance's commitment to regulatory compliance and marks a key moment in the development of Indonesia's crypto asset industry.Binance CEO Richard Teng congratulated Tokocrypto and all parties involved in this significant achievement. Richard stated, "This milestone demonstrates Tokocrypto's unwavering commitment to excellent regulatory practices and its vision of establishing a robust and transparent crypto ecosystem in Indonesia. Binance is dedicated to fully supporting Tokocrypto in fulfilling its mission to advance the Web3 ecosystem in the region." Tokocrypto's user base has exceeded 4.5 million this year, with trading volume increasing by 170% compared to 2023.

ChainCatcher news, according to official news, Tether Operations Limited and the cryptocurrency exchange platform Reku announced a strategic partnership to broaden the understanding of Indonesian people regarding crypto assets and blockchain technology.It is reported that the plan will be implemented through a comprehensive roadshow in ten major cities in Indonesia.

ChainCatcher news, the Kaia Foundation will launch a joint venture project "Galactica" for the tokenization of vessels with Indonesia's leading shipping company PT. Pelayaran Korindo (hereinafter referred to as Pelayaran Korindo) in early Q4 of this year.Pelayaran Korindo is a comprehensive logistics company based in Indonesia, with global business experience, localized expertise in Southeast Asia, and an extensive network of partners. Galactica aims to leverage tokenization technology to provide an innovative vessel purchasing process, with a particular focus on the Indonesian market, which has high vessel purchasing demand due to its approximately 17,000 islands. Galactica plans to raise funds for vessel purchases through decentralized investments in RWA tokens, thereby optimizing the traditional vessel purchasing process and bringing dual benefits to shipowners and investors.

ChainCatcher news, the encrypted media CoinGape reported on X that Indonesian authorities are considering banning the chat software Telegram and the live streaming software BIGO LIVE due to their alleged dissemination of pornographic content and promotion of online gambling.Indonesian Minister of Communication and Information Budi Arie Setiadi revealed that the Ministry of Communication and Information has issued strong warnings to the two platforms, and the responses from Telegram and BIGO LIVE have been insufficient. Budi Arie Setiadi stated: "I hope to ban the aforementioned software immediately, but the team needs to conduct further research first."

ChainCatcher news, according to official sources, Gate Charity, a global non-profit blockchain charity organization under Gate Group, recently successfully held the "Book of the Ocean: Duano Tribe Literacy Campaign" in Indonesia. The event aims to improve the educational level of the Duano tribe, helping this indigenous community traditionally known as "people of the sea" overcome educational barriers. Gate Charity collaborated with local communities, educators, and volunteers to provide essential literacy resources, organized learning activities and games for about 100 local children, and donated books to inspire children's interest in reading and learning, creating a brighter future for the tribe's younger generation. Gate Charity hopes to promote global educational equity and community development through such projects around the world.

ChainCatcher news, according to Jinshi reports, the Governor of Bank Indonesia stated, "We believe there is still room for interest rate cuts in Indonesia in the fourth quarter."

ChainCatcher news, according to CoinDesk, the Indonesian government agency for commodity futures trading supervision (Bappebti) is responsible for regulating cryptocurrencies, and it has recently established a dedicated committee to oversee the industry. The Crypto Asset Committee was formed under regulations issued in January. Cryptocurrencies fall under Bappebti's jurisdiction as they are considered a commodity in Indonesia.Bappebti head Kasan stated on May 2 at the opening ceremony of BLK 2024 in Jakarta: "This committee will be a driving force to ensure that the crypto asset industry continues to operate smoothly and remains within the applicable legal framework. Therefore, optimizing the role of the Crypto Asset Committee should be the focus of deploying the current crypto asset ecosystem."

ChainCatcher news, according to CoinDesk, Indonesian police dismantled a laboratory producing fake cannabis in a high-end area of Bogor Regency, West Java last week.Jakarta Police Deputy Chief Suyudi Ario Seto revealed that the raw materials for these fake cannabis were paid for with cryptocurrency, although it is currently unclear what the proportion is. The laboratory produced MDMB-4en-PINACA, a synthetic chemical similar to cannabis, which is classified as a serious drug under Ministry of Health Regulation No. 30 of 2023. The criminal gang had been operating for six months before being arrested last week.

ChainCatcher news, Indonesia's presidential election in February initially ended in controversy, with the two winners declaring victory before the official results were announced. According to statistics, after the voting ended, former Defense Minister Prabowo Subianto and the son of the current president, Gibran Rakabuming, immediately received 60% of the national votes.Industry observers say these results mean the ruling party will continue to hold power. Although members of the crypto industry cautiously avoid favoring either side, they believe the election results suggest that the country's blockchain strategy may remain unchanged or potentially develop in a positive direction.

ChainCatcher news, Indonesian President Joko Widodo stated that he has noticed signs of money laundering through crypto assets in 2021, amounting to $8.6 billion (139 trillion Indonesian rupiah). In addition to cryptocurrencies and NFTs, the president also emphasized the need to monitor other potential money laundering tools, including virtual assets, market activities, electronic money, and AI-driven transactions.Mahendra Siregar, chairman of the Financial Services Authority (OJK) committee, responded to the president's directive, stating that when the regulation of cryptocurrencies is handed over to OJK next year, his agency will oversee these issues.

ChainCatcher news, according to CoinDesk, an official from Indonesia's cryptocurrency regulatory agency Bappebti has called on the Finance Minister to reconsider the tax rates on digital assets. In this Southeast Asian country, cryptocurrencies are treated as commodities, thus subject to value-added tax and income tax. However, this situation will change when cryptocurrency regulation is transferred to Indonesia's broader financial services regulatory agency OJK in 2025.Bappebti's Tirta Karma Senjaya stated at an event on Tuesday, "As cryptocurrencies are expected to join the financial industry in January 2025, we urge the tax director to review these taxes. These regulations have been in place for over a year, and taxes are typically reviewed annually."

ChainCatcher news, the Layer 2 platform Lisk built on the OP Stack has announced a strategic partnership with the Directorate General of Informatics Applications (DGIA MCIT) of the Indonesian Ministry of Communication and Information Technology to guide Indonesia's Web3 startup ecosystem.It is reported that through the new partnership, Lisk will provide the underlying developer platform, guidance, and initial funding for Web3 startups under Indonesia's "1000 Digital Startup Program," as well as educational materials on Web3 technology.

ChainCatcher news, according to CoinDesk, the Indonesian Ministry of Finance stated that the total tax revenue from cryptocurrencies in 2023 was $31.7 million, a 62% decrease compared to the tax revenue during the partial collection period when the tax system was introduced in May 2022. Cryptocurrency transactions in Indonesia are subject to double taxation: a 0.1% income tax and a 0.11% value-added tax. Additionally, local cryptocurrency exchanges must pay approximately 0.04% in taxes to the national cryptocurrency exchange.