Post
Topic
Board Bitcoin Discussion
Re: Indonesia joins the regulation of cryptocurrencies in this 2022
by
jokers10
on 03/04/2022, 08:21:47 UTC
...
How would the regulation of cryptocurrencies help the country?
...

If we talk about Indonesia they are just implementing the tax system for crypto assets. They don't let using cryptocurrencies as currencies, they see it as a commodity. So they can take some piece of entire cake of crypto, but all advantages can be reached only with looser legislation.
But just 0.1% of VAT and 0.1% on capital gains is rather soft tax system for crypto comparing with some other countries so I think Indonesia can attract some crypto investours with that.