![]() ![]() In May, an Indonesian Directorate General of Taxes representative stated that cryptocurrency revenues may soon be categorised as capital gains. According to the Ministry of Trade, Indonesia has over 6.6 million cryptocurrency investors, more than three times the number of public equities investors.Īccording to Cointelegraph, the country’s parliament are considering a new tax structure for cryptocurrency trading. ![]() The broker now supports sixteen cryptocurrencies, including nonfungible tokens. Pintu is a BAPPEBTI-registered cryptocurrency broker, enabling it to service ordinary investors. However, the central bank of Indonesia, Bank Indonesia, maintains a stringent prohibition on cryptocurrency transactions. In February 2019, the country’s Commodity Futures Trading Regulatory Agency, or BAPPEBTI, approved crypto as a speculative commodity. Indonesia’s cryptocurrency economy is still in its infancy, as more businesses navigate a complex regulatory framework governing the purchasing and selling of digital assets. “As the fourth-most populous country in the world and with only 1-2% of Indonesians having exposure to cryptocurrencies, there is an immense opportunity for retail investors to gain access to diversified and dynamic investment opportunities through Pintu’s unique crypto-asset trade offerings.” Pintu co-founder and CEO Jeth Soetoyo stated that his platform will assist Indonesians in “overcoming the barriers to financial inclusion.” He continued by elaborating on Indonesia’s value case for cryptocurrency adoption: Opportunity for retail investors to gain access to diversified and dynamic investment opportunities through Pintu’s unique cryptoasset trade offerings, Soetoyo added.Pintu intends to use the capital to expand its workforce, launch new product offerings, and accelerate the use of cryptocurrencies in Indonesia. ![]() “We built Pintu with the belief that crypto is more than just a piece of technology, it is also an asset class and community that will provide the means for Indonesians to overcome the barriers of financial inclusion,” said the company’s co-founder and CEO Jeth Soetoyo.Īs the fourth-most populous country in the world and with only 1-2% of Indonesians having exposure to cryptocurrencies, there is an immense The company is also in the process of rolling out innovative new features specifically designed to better serve its users, including Pintu Earn, a crypto asset interest account that enables users to automatically earn interest on a variety of crypto assets and e-wallet integration for easy deposit and withdraw of funds. Pintu currently offers trades on 16 different dynamic cryptocurrencies, and plans to add more coins that are in high demand by investors, including NFT tokens and other highly sought-after crypto projects, keeping up to date with the latest crypto trends in line with user demand. Continue reading this premium story with a subscription to DealStreetAsia. The company said it helps investors trade, analyze, manage assets, and learn about cryptocurrencies through the platform’s comprehensive trading tools, simple UI/UX, advanced security features, and educational content. Indonesian cryptocurrency exchange Pintu has landed a 35-million Series A+ funding round led by US-based Lightspeed Venture Partners, the firms announced on Monday. ![]() Pintu was launched in April 2020 to solve the pains of investing in cryptoassets such as Bitcoin, Ethereum, and others, for millennials and retail users. The fresh funding will be used to aggressively hire new talents across all functions, roll out new products features, and fuel future expansion, the company said. The round was also backed by existing investors Alameda Ventures, Ventures, Castle Island Ventures, Coinbase Ventures, Intudo Venture, Pantera Capital, and others. Indonesian cryptoasset exchange Pintu announced raising $35 million in its extended Series A funding round led by multi-stage venture capital Lightspeed Venture Partners. ![]()
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