Crypto Exchanges Seeking to Tap on Vast Indonesian Market Must Register with Commodity Future Exchange (CFX) coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
The Ministry of Trade officially establishes exchange, clearing, and crypto asset storage management institutions. Its existence complements the crypto asset ecosystem and is expected to further protect the user community.
Indonesian regulators consider tax on cryptocurrency transactions Officials are considering a tax on all cryptocurrency transactions in Indonesia. 5050 Total views News
Indonesia s Commodity Futures Trade Regulatory Agency (known as Bappebti) is considering levying a tax on all cryptocurrency transactions taking place on regulated exchanges within the country.
Currently, 13 cryptocurrency exchanges fall under Bappebti’s regulatory oversight, and the tax would be automatically applied by these platforms should it be approved, according to a report by the Phnom Penh Post.
“It is currently [undergoing] internal review at Bappebti, then we will coordinate with the BKF,” said Sidharta Utama, head of Bappebti, adding that the actual tax rate had not yet been decided. The BKF refers to Indonesia’s Fiscal Policy Agency.