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Indonesian crypto exchange Pintu raises $113 million in Series B funding

Indonesia-based cryptocurrency exchange Pintu has raised $113 million in a Series B funding round. Investors in the round include Pantera Capital, Lightspeed India Partners, Intudo Ventures and Northstar Group. There was a lead investor in this round, Pintu’s founder and CEO Jeth Soetoyo told The Block in an interview, but he declined to name it because the investor prefers to remain undisclosed. But that investor is a global venture capital firm, he said.  Pintu’s raise comes at a time when …

Indonesia to impose 0.1% income tax for crypto transactions: report

An Indonesian tax official said Friday that the country plans to impose certain tax rates for crypto transactions.  Reuters reported that Hestu Yoga Saksama told a media briefing that crypto transactions will now face a value added tax (VAT) and an income tax on capital gains at 0.1% each. The changes will take effect May 1.  Indonesia has banned crypto as a payment instrument in the country, but treats the asset as a commodity for trading. Saksama said because crypto …

Indonesian financial super-app Pluang raises $55 million from Accel

Indonesian investment super-app Pluang has announced a $55 million round led by Accel. A wide range of additional investors also participated in the round, with Monzo COO Sujata Bhatia, Axie Infinity founders Aleksander Leonard Larsen and Jeffrey Zirlin, and even The Chainsmokers joining the fray.   The raise comes at a pivotal time for fintech in South East Asia. Last year, fintech startups in the region raised $6 billion from investors. Pluang’s raise is just the beginning of what should …

Binance in talks with Indonesian companies for exchange business: Report

Binance is reportedly in talks with Indonesia’s PT Bank Central Asia and PT Telkom to set up a crypto exchange in the country. Bloomberg reported the news on Friday, citing people with knowledge of the matter. PT Bank Central Asia is Indonesia’s third-largest bank by total assets, according to tracker Statista. It is owned by the country’s richest family of sibling billionaires Robert Budi Hartono and Michael Bambang Hartono. As for PT Telkom Indonesia, the country’s government owns over half …