Addressing a press conference last week, the minister said the rates will be raised by 10% again in 2024, adding that a higher increase will be applied for machine-rolled cigarettes.
Indonesia also plans to move the regulation, supervision and oversight of cryptocurrency investments to the Financial Service Authority to better protect investors, its finance minister said on Thursday. The use of cryptocurrency assets as a means of payment is illegal in Indonesia, but transactions for investment are allowed in the commodities market.
The new bill would empower OJK to regulate and supervise"digital asset activities, including crypto assets and financial sector technology innovation," Sri Mulyani added.
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