According to recent data from the Commodity Futures Trading Regulatory Agency (Bappebti), over 60% of investors in Indonesia’s cryptocurrency market are under 30 years old, indicating a dramatic shift in the sector. As of September, 35.1% of cryptocurrency investors were between the ages of 25 and 30, while 26.9% were between the ages of 18 and 24. Young Indonesians are prominent participants in the nation’s developing cryptocurrency scene, as evidenced by this trend, which highlights their strong predilection for digital assets.
There were 21.3 million active cryptocurrency users in Indonesia last month alone, and the country’s cryptocurrency trade volume jumped to 33.7 trillion Indonesian rupiah, or almost $2.1 billion. Tether, Ether, Bitcoin, Pepe, and Solana are popular options among Indonesian traders, indicating a varied interest in both stablecoins and more erratic tokens.
Bappebti’s regulatory framework regards cryptocurrencies as commodities in Indonesia. However, cryptocurrency dealers must pay both a 0.1% capital gains tax and a 0.11% value-added tax on their transactions. Bappebti has urged the government to reconsider these tax rates in light of cryptocurrencies’ changing economic importance and in an effort to foster an atmosphere that is more conducive to trading in digital assets.
Young Indonesians’ growing interest in cryptocurrencies reflects the growing popularity of digital currencies among younger generations worldwide.
