The country’s taxman said that transactions will also be charged a value-added tax of 0.1%, way below the 11% charged to other goods and services in Indonesia.
The watchdog has reiterated its earlier warning that financial institutions can’t deal in digital currencies as pressure mounts from religious organizations.
After a heated debate involving religious scholars and digital currency experts, members of the organization voted to declare digital currencies haram.
Indonesia has emerged as the country with the highest interest in digital currencies, ranking ahead of Chile and Argentina, which are in second and third place respectively.
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.
Bank of Indonesia bank has turned its focus to studying the benefits of a digital currency, as well as the knock-on effect on payment systems and the wider monetary system. , while addressing issues around the readiness of the financial infrastructure currently in place.
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.
A documentary on that special moment, CoinGeek Originals: Bitcoin Bootcamp – CambrianSV, is premiering on December 17 to give everyone a glimpse of how BSV is driving programmers to create a new world of commerce.
The South East Asian country wants to help lawyers combat increasing criminality found in the crypto space.
30 developers from BitcoinSV startups working together in a big room for several days. They soon found they had much in common.
The final day of the CambrianSV Bootcamp was the day were individuals and team representatives stood up in front of the rest of the group and gave demos of the work they’d been doing in the few days they’d all spent together in Bali.
The penultimate day of the CambrianSV Bootcamp is intense as participants are preparing for the presentation of their work. Our Charles Miller talked to the teams representing Legally Chained, Open Directory, and Streamanity to know more about their projects and how will these help propel the Bitcoin SV community forward.