Buy Ocean Protocol
in Indonesia

Ocean Protocol is a decentralized data exchange platform designed to allow data providers to securely and privately share valuable data and artificial intelligence models while maintaining control over their data. It enables users to discover, access, and use data through a marketplace while ensuring data privacy, security, and compliance with data sharing agreements. Through this protocol, publishers can earn money from their data while maintaining privacy and have control, and along with this, users or data consumers will have access to a set of data that was previously unavailable or difficult to find. These datasets can be found on Market Ocean, a place to buy, use and sell them. 

The main idea of Ocean Protocol is to make data available to startups and researchers without leaving the ownership of their custodians. The Ocean platform is built with the goal of facilitating the exchange of data, and connecting users who need this data, or cannot afford to store it, with users who have data to sell. In return, data providers of the Ocean Protocol cryptocurrency are rewarded.

OCEAN is the native token of the Ocean Protocol blockchain. Crypto traders use the symbol "OCEAN" to refer to the Ocean Protocol token (OCEAN), which is commonly traded on different platforms. The symbol is used to distinguish it from other crypto assets and to make it easier for users to identify and trade the token. The symbol is standardized and is widely recognized by the cryptocurrency community, making it easier for users to trade OCEAN on different mediums.

Yes, it is legal to buy cryptocurrencies in Indonesia but cryptocurrency is not considered an
official form of payment in Indonesia. This is according to The Indonesian government’s
released Working Paper, through which the government along with the Indonesian Central Bank
has recognized the growing market of crypto assets and its usage and has mentioned that it is
monitoring the development of the cryptocurrency industry and may issue further regulations in
the future. As of now (12th of February 2023), the regulation of cryptocurrencies in Indonesia is
limited, and it operates in a somewhat gray area but it is expected to improve further in the near
future.

Yes. The article regarding cryptocurrency taxation in Indonesia can be found in the Indonesian
Tax Law, specifically in article 25 concerning "taxable income". According to the mentioned
article, cryptocurrency transactions in Indonesia are subject to income tax as they are
considered a form of "other income." According to the same mentioned Article, the taxation rate
for individuals is based on the individual's tax bracket, from 0.5% to 30% and for companies, it
is a flat rate of 20%. This means that individuals and entities who engage in cryptocurrency
transactions, such as buying, selling, or trading, must report their crypto-related income and pay
taxes on it.
Moreover, it is important for individuals and entities who engage in cryptocurrency transactions
in Indonesia to accurately report their crypto-related income and pay taxes on it to avoid
penalties and fines. It is recommended to consult a tax professional for further information on
the specific regulations and obligations for cryptocurrency taxation in Indonesia.

The OCEAN token has several uses within the Ocean Protocol network, including: Access to data and services provided by the network, Staking to secure the network and earn rewards, Governance through voting on protocol upgrades and other important decisions, Payment for data and compute services provided on the network. The OCEAN token can also be used outside of the Ocean Protocol network as a form of currency or asset for: Trading on cryptocurrency exchanges, Payment for goods or services from merchants who accept OCEAN, and for investment or speculative purposes.

In Indonesia, cryptocurrency can be purchased by individuals and businesses who are allowed
to purchase it by the law. Banks, payment processors, and exchanges are some common and
legal entities that offer services to buy cryptocurrencies in Indonesia. On this note, our
exchange is one of the most secure service providers when it comes to buying crypto assets in
Indonesia. Our exchange is legal and offers you different payment methods to purchase your
intended amount of cryptocurrency while charging you no transaction fees which would be very
cost-effective. Some of the best payment methods that we offer are: Apple Pay, Google Pay,
credit card, debit card, bank transfer, and PayPal.