Summary
In 2023, bitcoin saw a significant increase of 159%, but Indonesia’s crypto tax revenue and transaction volumes decreased by 51% compared to the previous year.
Key Points
1. Bitcoin saw a 159% increase in value in 2023.
2. Indonesia experienced a 51% decrease in crypto transaction volumes in 2023 compared to the previous year.
3. Despite the market upturn, Indonesia’s crypto tax revenue declined during this period.