While Bappebti has not specified how it wants the Finance Ministry to revise the taxes, it is likely that it seeks the removal of VAT, to match how stocks are treated. The industry expects the shift in oversight to OJK – which oversees all financial services in Indonesia, including banking, capital markets, insurance and pensions – could mean crypto will be treated as securities in the country.

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• Source: https://www.coindesk.com/policy/2024/03/01/indonesias-crypto-watchdog-pushes-for-friendlier-taxes-as-regulatory-overhaul-looms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines