The Indonesian government is considering Bitcoin reserves star-news.press/wp

The Indonesian government is exploring Bitcoin as a backup asset, according to Bitcoin Indonesia, who recently met officials to discuss how the strategy can push economic growth in the country.

“We have been invited to the Vice President’s office to provide how Bitcoin Indonesia can benefit the country,” Bitcoin Indonesia He said In the post on Monday.

“We have explored a bold idea: the use of bitcoin mining as a national reserve strategy.”

“Yes, seriously. (Indonesia) is looking at how bitcoin can feed a long -term economic power,” Bitcoin community wrote on X. Other areas of focus included Bitcoin Mining and Education Initiatives.

Indonesia is the fourth most populated country in the world with more than 280 million people. The GDP (GDP) is $ 1.4 trillion, making it the 16 largest economy in the world.

Bitcoin mining opportunities, education between the main areas of concentration

Bitcoin Indonesia’s offer guarantees indications of how the country benefits from its electrical resources and abundant Earth’s energy to calm economic growth – a strategy that motivated the creation of great job opportunities in other countries that embrace Bitcoin (BTC).

Bitcoin Indonesia said that the meeting was with private employees from the office of Vice President of Indonesia, Gibran Rakabumj Raka.

Bitcoiners even made Michael Silor’s expectations that Bitcoin will reach $ 13 million by 2045 in the basis case scenario and $ 49 million in the bull case.

Bitcoin, Indonesia, also emphasized the importance of bitcoin education initiatives to lead the adoption, which is the presentation of a representative from the Vice President’s office in Indonesia, apparently agreed to:

“Indonesia must also continue to educate Bitcoin in the future”, “Bitcoin Indonesia Remember Official saying.

Bitcoin capabilities in the long -term price growth attracted nation -states like the United States to adopt them as a strategic reserve asset to address their growing debt to GDP (debts to gross domestic product) and hedging against inflation.

This stadium may be less important for Indonesia, as debts to GDP still relatively low in 39 %, While the annual inflation rate (as of January 2025) suffers from control over 0.76 %.

Indonesia recently made Crypto Control Policies

Indonesia allows the trading of encryption but prohibits its use of payments.

Last Friday, the Ministry of Finance in Indonesia raised taxes on encryption traders and miners. The income tax on transmission sales via local stock exchanges doubles more than 0.1 % to 0.21 %, while sales on foreign exchanges increased by five times from 0.2 % to 1 %.

Related to: Web3 Exec will one day compete with national countries

In addition, the value -added tax has multiplied on encryption mining activities from 1.1 % to 2.2 %.

The coding prohibition does not see a large -scale application

Indonesia has imposed its ban on encryption payments since 2017, and confirmed in 2023 that tourists who are coding payments “will be dealt with firmly.”

Despite the embargo, the enforcement appears to be dirty, as Cointelegraph reported on the ground recently many real estate lists in Bali that publicly accept Bitcoin.

magazine: The United States risks the “front running” on the Bitcoin Reserve by other countries: Samson Mww