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Police named six individuals from the cryptocurrency investment platform EDCCash as suspects of fraud, money laundering, and embezzlement.
The plan to establish a dedicated cryptocurrency exchange by the BAPPEBTI is met with a positive responses by market players.
Bitcoin transactions that is currently happening in Indonesia is due to a similar global trend.
Deputy Minister of Trade announced that the govenment will provide digital currency or cryptocurrency with its own crypto exchange in the near future.
The world's biggest cryptocurrency, Bitcoin, has surged in value since April and was trading close to $13,000 on Wednesday.
Chinese companies are among the biggest manufacturers of bitcoin mining gear.
Cryptocurrency exchange UPbit officially established its operations in Indonesia following signs of potential blockchain ecosystem growth.