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Author: Admin | 2025-04-28
Clarity regarding the regulatory requirements for cryptocurrency exchanges in Indonesia. Crypto’s Legal and Regulatory Status in IndonesiaCryptocurrency is legal in Indonesia and is defined as a commodityThe Futures Exchange Supervisory Board regulates crypto in the country Cryptocurrencies cannot be used as legal tender in Indonesia Indonesia implements strict anti-money laundering lawsThe Futures Exchange Supervisory Board oversees licensing for crypto exchangesAre Crypto Assets Taxed in Indonesia?There are no taxes in Indonesia for those that trade cryptocurrency; for the time being, only crypto-related businesses, such as exchanges, pay taxes in accordance with current regulations. However, Indonesia is now considering plans to introduce a crypto tax, due to its growing popularity. Taxes on Crypto Mining in IndonesiaAs of May 2021, there are no clear tax regulations for mining cryptocurrency in Indonesia. Who Accepts Crypto in Indonesia?The current status of cryptocurrency as a commodity in Indonesia has limited the adoption of cryptocurrency by merchants. However, a limited selection of businesses are starting to accept crypto payments, among them:ESO Trans Digital: ESO Trans Digital is a platform that uses blockchain and NFC technology to facilitate payments and transactions. Users can pay for goods and services with crypto via QR Codes and other payment options. Nobi: Nobi is a blockchain savings platform that offers users interest on their cryptocurrencies. Users can deposit, save and stake cryptocurrencies for rewards on its mobile applications. BCS technology: BCS technology is a blockchain consulting company that builds projects. The company accepts crypto payments for its services. There are some who anticipate that the government will eventually change the classification of cryptocurrencies from commodities to digital assets. This would hasten the adoption of cryptocurrency as a form of payment by merchants. Where Can You Buy Crypto in Indonesia?The legal status of cryptocurrency means that Indonesians can buy crypto assets on any registered exchange. Here are some of the platforms you can use to buy Bitcoin and other cryptocurrencies in Indonesia:Indodax: Indodax is one of the largest crypto exchanges in Indonesia. It has a high-profile local presence and offers crypto services to Indonesian citizens looking to buy, sell, and trade crypto. TokoCrypto:
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