Crypto Pulse

Indonesia’s foreign reserves reached US$146.5 billion at the end of August 2026, up from US$145.3 billion at the end of July. The US$1.2 billion increase was equivalent to approximately 0.83% in one month.The additional reserves give Bank Indonesia a larger buffer for managing foreign-currency needs and reducing excessive rupiah volatility. The figure alone, however, is not enough to conclude that the currency will continue to appreciate.Bank Indonesia said the change in August was mainly influe

Indonesia has moved one step closer to introducing a crypto fund-management model under the supervision of the Financial Services Authority. In its July 2026 Board of Commissioners report, OJK stated that PT Dana Kripto Indonesia passed the regulatory sandbox on July 17, 2026 with a Crypto Fund Manager business model.The development could create a new route for investors seeking digital-asset exposure without selecting, storing, and rebalancing every token themselves. Under a managed structure,

New technical reporting rules for digital financial assets, including crypto, took effect in Indonesia on September 1, 2026. The provisions are set out in OJK Board of Commissioners Member Regulation No. 3 of 2026, commonly referred to as PADK OJK 3/2026.The regulation primarily applies to digital financial asset trading providers. It does not require every crypto holder to submit a monthly personal portfolio report directly to OJK. Users are more likely to feel its effects through changes in ho

The Federal Reserve's interest-rate decision on September 16, 2026 will be one of the month's most important macro events for Bitcoin and the Indonesian rupiah. The issue is broader than whether the Fed raises or holds rates. Its statement, new economic projections, and assessment of inflation could quickly reset expectations for the US dollar, Treasury yields, and global liquidity.The starting point is unusually tense. At its July meeting, the Fed kept the federal funds target range at 3.50% to

The Indonesian government has proposed a tax revenue target of IDR 2,591.4 trillion in the 2027 Draft State Budget. The figure is IDR 280.6 trillion, or 12.1%, higher than the 2026 tax revenue outlook of IDR 2,310.8 trillion.A 12.1% increase in the revenue target does not mean that the tax rates paid by households and businesses will automatically rise by the same percentage. The figure represents growth in the amount the government aims to collect, rather than a direct increase in personal inco

The Indonesian government and the House of Representatives’ Commission XI agreed to use an average exchange-rate assumption of IDR 17,500 per U.S. dollar in the 2027 Draft State Budget, or RAPBN 2027. The figure is approximately 6.06% weaker than the IDR 16,500 assumption used in the 2026 State Budget.IDR 17,500 is not a daily exchange-rate target or a level that Bank Indonesia is required to defend. The government uses the assumption to calculate revenue, expenditure, energy subsidies, debt pay

Indonesia now has two licensed digital financial asset exchanges after the Financial Services Authority, or OJK, granted an operating licence to PT Fortuna Integritas Mandiri, known as ICEX, on January 5, 2026. ICEX joins CFX in Indonesia’s regulated crypto trading structure.This does not mean Indonesian users have only two applications through which they can buy and sell crypto. Under the country’s regulatory framework, an exchange and a digital financial asset trader perform different function

Key Takeaways Ninety five of the 100 CoinDesk 100 constituents fell over 24 hours in CoinDesk's Sept. 10 market snapshot, showing that the decline extended across almost the entire crypto market. The speculative end suffered the most, with the CoinDesk Memecoin Index dropping about 10% and the small cap CoinDesk 80 losing 5.1%, compared with a 2.3% decline for the bitcoin heavy CoinDesk 5. Dogecoin led losses among major cryptocurrencies with a decline of more than 5%, while SHIB, PEPE and BONK

Key Takeaways Bitwise Investment Advisers officially submitted liquidation filings on September 10, 2026, setting October 14 as the final trading session for its NYSE-listed Dogecoin ETF before a complete cash distribution on October 22. The fund suffered chronic capital stagnation over its ten-month lifespan, with assets under management collapsing below $700,000 against fixed legal, custodial, and listing overhead. Dogecoin spot prices dropped 5.4% following the liquidation notice, reducing ma

India is taking another step toward bringing traditional financial markets onto digital infrastructure. The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have launched Demat 2.0, a pilot that uses distributed ledger technology, tokenized corporate bonds and the wholesale digital rupee to test a faster way of issuing and settling debt securities.The move is significant because it brings blockchain-based infrastructure into one of India’s largest financial marke