The Bitcoin reserve frenzy, initiated by the US, continues to expand. While many countries have announced their efforts to create BTC reserves, the latest news comes from Indonesia. According to a post by the Bitcoin Indonesia community, the Indonesian government is exploring Bitcoin as a reserve asset and recently met with officials to discuss how the strategy could boost economic growth in the country. Bitcoin Indonesia, which states that it is the largest Bitcoin community in Asia, said that it was invited to the Vice President's office and they discussed how Bitcoin can benefit the country. The community also added that it is discussing strategic Bitcoin reserve plans with government officials. It was stated that the idea of Bitcoin mining was also discussed with the authorities. ” Indonesia is exploring Bitcoin as a national reserve. We were invited to the Vice President's office to explain how Bitcoin could benefit the country. We explored a bold idea: using Bitcoin mining as a national reserve strategy. Yes, seriously. Indonesia is exploring how Bitcoin can boost long-term economic strength.” Indonesia allows cryptocurrency trading but prohibits its use in payments. Indonesia's Ministry of Finance announced last week that it has increased taxes on cryptocurrency investors and miners. *This is not investment advice. Continue Reading: Surprise Bitcoin (BTC) Move from the Country That Raised Cryptocurrency Taxes Last Week!
