Indonesian Regulators Planning For a 'Crypto-Tax' Amid Rising Popularity and Demand

The Indonesian Commodity Futures Trade Regulatory Agency (Bappebti) is reportedly planning to impose a crypto transaction tax amid the growing popularity of digital currencies this bull season. The regulatory body is planning to impose a type of final income tax (PPh Final) that would be levied by all 13 cryptocurrency exchanges registered with the regulatory body. The tax rates haven’t been decided yet, as the proposal is currently under review.