Cryptocurrencies will be considered as "merchandise" in Indonesia

Brazio

Contributor
Things seem to have begun to change for the cryptocurrency category in the Asian country. This time, from the hand of the authorities, who seem to smile, little by little and increasingly to the field.

It turns out that the Supervisory Board of Futures Exchange of the Ministry of Commerce of Indonesia (known briefly as "Bappebti") has signed a decree which it is intended to convert the cryptocurrency into a legally marketable product in a stock exchange, in accordance to information provided today by the local newspaper The Jakarta Post.

According to Dharma Yoga, who is the director of the Bappebti market supervision and development office, the Futures Exchange Supervision Board decided to allow the exchange of cryptocurrencies as a basic product, as a result of a study about the sector It lasted for four months.

Similarly, Dharma also pointed out that the Indonesian government will soon publish the corresponding legislation on the regulation of foreign exchange companies, taxation and the fight against money laundering and terrorist financing.

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