According to Reuters, the Indonesian Ministry of Finance announced that the tax rate on cryptocurrency transactions will be increased starting August 1. According to new regulations from the Indonesian Ministry of Finance, cryptocurrency transactions will be taxed starting August 1, and transactions made on overseas exchanges will be taxed at a higher rate. The tax
The volume of crypto asset transactions in Kyrgyzstan has reached $7 billion, according to the head of the nation’s state-controlled investment agency. The official announced the figure at a meeting with the top U.S. representative in his country, during which cryptocurrency was among the main topics. The news comes after recent reports indicating the former
Visa has processed over $200 million in stablecoin settlements, but the payments giant says the technology is still in its infancy and awaits firmer regulatory guardrails before it can scale further. “It’s still early, but we do see real potential,” CEO Ryan McInerney said Tuesday during Visa’s fiscal Q2 2025 earnings call. “On the one
The company wants to preserve the purchasing power of idle cash under different market conditions. Key Takeaways Marti Technologies is allocating 20% of its cash reserves to digital assets, starting with Bitcoin. The allocation focuses on surplus cash, with the company’s core business operations and growth plans unchanged. Marti Technologies, an Istanbul-based ride app, is
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. On Wednesday in the U.S., the Securities and Exchange Commission announced