Ethereum

Indonesian cryptocurrency watchdog pushes for favorable taxes as regulatory reform looms

Bappebti did not specify how the Treasury wants to reform taxes, but it is likely it will seek to eliminate VAT to align with how stocks are treated. The industry expects that cryptocurrencies will be able to be treated as securities in Indonesia if supervisory authority moves to OJK, which oversees all financial services in Indonesia, including banking, capital markets, insurance, and pensions.

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