Cryptocurrency Q&A What does Indonesia's government expect from crypto exchanges?

What does Indonesia's government expect from crypto exchanges?

AltcoinAdventurer AltcoinAdventurer Tue Jul 16 2024 | 7 answers 2041
In Indonesia, the government's stance on cryptocurrency exchanges has been one of cautious optimism. As the popularity of digital currencies grows, regulators are keen to understand the role these platforms play in the nation's financial ecosystem. Could you elaborate on what Indonesia's government expects from crypto exchanges? Do they seek strict compliance with local laws? Or do they envision a more lenient approach, allowing for innovation while still ensuring consumer protection? Furthermore, are there specific measures the government hopes crypto exchanges will adopt to promote financial stability and prevent illicit activities? Clarifying these expectations would provide crucial insight into the future regulatory landscape for digital currencies in Indonesia. What does Indonesia's government expect from crypto exchanges?

7 answers

LightWaveMystic LightWaveMystic Thu Jul 18 2024
Indonesia's government has set a directive for cryptocurrency exchanges operating within its borders.

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MysticInfinity MysticInfinity Wed Jul 17 2024
The government believes that this monitoring will provide crucial insights into market conditions and potential risks.

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Martina Martina Wed Jul 17 2024
These exchanges are now required to register with the newly established national bourse for digital assets.

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Margherita Margherita Wed Jul 17 2024
Additionally, the bourse will record all crypto transactions for tax purposes.

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ZenBalance ZenBalance Wed Jul 17 2024
This measure is aimed at ensuring tax compliance within the crypto industry and generating revenue for the Indonesian government.

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