Quote from: justdimin on July 26, 2023, 01:06:45 PM

Quote from: dansus021 on July 25, 2023, 03:19:20 AM

Quote from: AakZaki on July 24, 2023, 09:06:24 PM

Maybe Indonesia will become a starter country that supports cryptocurrencies including bitcoin, so that other developing countries start to adopt bitcoin too. There will be many hurdles for sure, but the Indonesian government's decision to launch their own local exchange is a bold and willing one to accept crypto as a valuable digital asset. Even though it is centralized and requires KYC, it is everyone's choice. There are facilities provided by the government to trade legally so that it does not violate the rules that have been set.

I do agree with you maybe it can pave the way for other countries that crypto is not that bad and in the other hand you know that Government like Tax so much hehehhe if this exchange open there will be another income for government.

Im still likes gov like this rather than banning anything related to crypto.

I do agree that tax could be one of the biggest reasons for this. After all if you have a national exchange, you can literally cut the tax right out of the account in the exchange without needing any extra paperwork. That would mean that anyone who uses this, is forced to pay taxes by just simply using it. That's why it looks like it would make sense, for the government of course not for the traders.

Probably, and it's just like government that allows casino to run into their country. It's heavily tax but gamblers are not playing and giving and paying to taxes to the government. But in this case, if you have a account to the local back exchanges, they can track you down and you have to pay them taxes. There is no such escape as like other crypto exchanges if there is one in Indonesia or at least they are allowed by the government to operate.

Quote from: justdimin on July 26, 2023, 01:06:45 PM

In the end, I am guessing that it is going to be a bit of a different situation, like such as people trying to find other alternative ways to get bitcoin, because when government does stuff like this, there are majority who uses it, but there is a minority that wants to find another way without getting caught and pay that taxes and give information.

Yeah, we all know that there is other ways to get bitcoin, just like when Chinese government drove all of the exchanges in their country like Binance in 2018. For sure many Chinese are still into Bitcoin and most likely trading in their country or outside thru P2P or other methods. But there is a caveat, you have to take that risk because if you are caught then definitely you have to pay the government taxes.