Crypto Pulse—Industry Perspectives

Bank Indonesia reported that broad money, or M2, reached IDR10,448.1 trillion in August 2026. The figure grew 8.2% year on year, slightly slower than the 8.3% annual growth recorded in July 2026.A large M2 figure is often interpreted as proof of abundant liquidity. That reading can be misleading. M2 includes currency in circulation, demand deposits, savings accounts, time deposits, and selected quasi-money instruments. An increase in M2 does not mean all of those funds are immediately available

Calls to evaluate Indonesia’s Financial Sector Development and Strengthening Law, known as the P2SK Law, have resurfaced in parliamentary discussion. In a September 24, 2026 report by Parlementaria, Commission XI member Said Abdullah argued that Indonesia does not yet need a new financial-sector omnibus law and should first evaluate the existing P2SK framework.The statement is not an announcement of a legal change that has already taken effect. No new rule automatically changes crypto trading, c

Indonesia’s digital-finance infrastructure now includes two crypto exchanges that maintain digital-financial-asset and crypto-asset lists independently. The Financial Services Authority, or OJK, identifies PT Central Finansial X, known as CFX, and PT Fortuna Integritas Mandiri, known as ICEX, as the country’s two crypto exchanges.A second exchange does not automatically give users two accounts, twice as many tradable assets, or permanently better prices. A crypto exchange is not the same thing a

Bitcoin options with roughly US$15.71 billion in open interest are scheduled to expire on Friday, September 25, 2026, at 08:00 UTC, or 3:00 PM WIB. The figure comes from a PerpFinder snapshot of Deribit BTC inverse options collected on September 23 at 13:51 UTC.The number is large, but open interest is not the same as fresh money that will automatically enter or leave Bitcoin on expiry day. It measures the notional value of outstanding contracts. It does not show how much premium traders paid, h

CFX’s daily trading summary for September 23, 2026 shows that crypto activity in Indonesia was not concentrated in Bitcoin alone. USDT recorded the highest reported transaction value at about IDR412.61 billion, while Bitcoin followed with roughly IDR125.26 billion. XRP recorded around IDR62.25 billion, Ethereum about IDR56.24 billion, and Solana approximately IDR34.97 billion.Bitcoin stood out in transaction frequency. CFX recorded about 36,727 BTC transactions on that date, above USDT’s roughly

Bank Indonesia and the Hong Kong Monetary Authority signed a memorandum of understanding on September 24, 2026 to strengthen cooperation on QR-code-based cross-border payments. The agreement opens a path toward possible payment interoperability between Indonesia and Hong Kong.Its status needs to be read carefully. The memorandum does not mean that Indonesian QRIS users can already pay in Hong Kong, or that Hong Kong users can already pay in Indonesia through the new arrangement. Bank Indonesia s

Indonesia’s House of Representatives has approved an extension to the deliberation period for the New and Renewable Energy Bill, commonly known as the EBET Bill. The decision allows the legislative process to continue, but it does not create a new rule that immediately changes electricity tariffs, energy prices, project incentives, or corporate obligations.The status must be distinguished from an enacted law. The EBET Bill remains under discussion between the House and the government. Until a fi

Ethereum moved back above $2,700 as Bitcoin’s rally began spreading into other crypto assets. The ETH/USDT daily candle on MEXC opened at $2,644.93 on September 21, reached a high of $2,807.96, and closed at $2,776.20.The open-to-close gain was approximately 4.96%. Measured from the session low of $2,643.44 to the high of $2,807.96, the trading range was approximately 6.22%. This distinction explains why readers may encounter different percentages depending on the starting point, ending point, a

Solana activated Transaction V1 on mainnet at the start of epoch 1035, around 01:00 UTC on 15 September 2026. For Indonesian readers, that activation occurred at approximately 08:00 WIB.The upgrade increases the maximum transaction size from 1,232 bytes to 4,096 bytes. This is a meaningful infrastructure change because some applications, especially those using large multisignature structures, zero-knowledge proofs, or batched instructions, previously could not fit their full workload into one So

Bank Indonesia’s JISDOR reference rate reached Rp17,813 per US dollar on 21 September 2026. The level moved above Rp17,800 ahead of Bank Indonesia’s September Monetary Policy Meeting, scheduled for 22 to 23 September.JISDOR was Rp17,635 per US dollar on 14 September. The move to Rp17,813 represents an increase of about 1.01% in USD/IDR over the period. Because USD/IDR measures how many rupiah are required to buy one US dollar, the higher figure indicates that the rupiah weakened against the doll