Regulator of Indonesia proposed to tax all transactions with cryptocurrencies
The Indonesian Futures Market Supervisory Board (Bappebti) has proposed a tax on all cryptocurrency transactions on regulated exchanges domestically. The proposal is pending, as the tax rate has not yet been determined. However, later Bappebti intends to discuss this initiative with the tax authorities of Indonesia. The chairman of the Indonesian Association of Cryptocurrency Traders, Teguh Kurniawan, has already reacted to this information by recommending a rate of 0.05%. In his opinion, high taxes can…
