The Indonesian government is setting the stage for comprehensive regulation of the country’s booming cryptocurrency market. With over 18 million registered digital currency traders, surpassing the 12 million stock traders, Indonesia is taking steps to ensure that the rapidly expanding digital asset landscape operates within the bounds of national oversight. The cornerstone of this regulatory […]
Indonesia
Indonesia Plans to Create a National Crypto Exchange, Says Report
According to reports, Indonesia will establish a cryptocurrency exchange in 2023 as part of its reform of the laws governing cryptocurrencies. Prior to the transfer of regulatory authority from the commodities authority to the securities authority, the platform is scheduled to launch. A cryptocurrency exchange should be established this year, according to Didid Noordiatmoko, the […]
Indonesia Planning To Levy 0.1% Crypto Tax from May 1: More Details
Indonesia is planning to impose value-added tax [VAT] on crypto-asset transactions and an income tax on capital gains from such investments at 0.1% each, beginning from May 1, according to a report published on 1st April. In a press conference, Tax official Hestu Yoga Saksama explained that digital assets will be subjected to VAT and […]