Cryptocurrency Q&A
Is crypto legal in Indonesia?
Is crypto legal in Indonesia?
Riccardo
Tue Jun 11 2024
|
6 answers
1367
Could you please elaborate on the legality of cryptocurrency in Indonesia? I'm curious to know if there are any specific regulations or policies that govern its use and trading within the country. Are there any restrictions or permissions required for individuals or businesses to engage in crypto-related activities? Additionally, how does the Indonesian government view the emergence and growth of this digital asset class? Is there a potential for further legalization and regulation in the future?
6 answers
ZenHarmony
Wed Jun 12 2024
BTCC, a cryptocurrency exchange based in the UK, offers a range of services related to digital assets. Among these are spot trading, which allows users to buy and sell cryptocurrencies at current market prices.
Was this helpful?
363
86
Raffaele
Wed Jun 12 2024
Cryptocurrency legality in Indonesia remains a topic of interest. Currently, it is not recognized as a payment instrument within the country. This legal stance indicates that cryptocurrencies do not enjoy the same status as traditional currencies.
Was this helpful?
267
30
ShintoSanctuary
Wed Jun 12 2024
Additionally, BTCC provides futures trading, a more complex form of trading that involves the buying and selling of contracts for future delivery of cryptocurrencies. This service offers investors the opportunity to speculate on price movements and potentially profit from market volatility.
Was this helpful?
385
76
CharmedEcho
Wed Jun 12 2024
Despite the lack of official acceptance as a payment method, there are indications that the regulatory framework surrounding cryptocurrencies may be evolving. It is anticipated that, following the transfer of authorities from Bappebti to OJK, cryptocurrencies may be reclassified.
Was this helpful?
56
38
Martino
Wed Jun 12 2024
Specifically, there is a possibility that cryptocurrencies could be treated as securities under the new regulatory framework. If this occurs, it would represent a significant shift in the legal status of cryptocurrencies in Indonesia.
Was this helpful?
154
73
Load 5 more related questions
