
Indonesia won’t follow China in outright digital currency ban, gov’t official says
The Minister of Trade has said India has no plans to impose a blanket ban on Bitcoin like China did, although the government is looking at more regulations.
The Minister of Trade has said India has no plans to impose a blanket ban on Bitcoin like China did, although the government is looking at more regulations.
The Indonesian Commodity Futures Trade Regulatory Agency has proposed a final income tax on any transaction involving a digital currency, which will apply to the 13 exchanges authorized by the market regulator.
In a move that will propel the country forward in the cryptocurrency space, Indonesia has announced that domestic trading exchanges can accept cryptocurrencies as commodities.