DIGIVESTASI - Indonesia's cryptocurrency transaction value increased significantly from January to March 2024, reaching Rp 158.84 trillion, an increase of about 400% compared to the same period last year. 
“According to the Global Crypto Adoption Index 2023, Indonesia is currently ranked 7th in the world in terms of the number of crypto subscribers. said Kazan in a press release, Tuesday (May 7, 2024). 

Meanwhile, the contribution of crypto asset trading to government revenue in the field of taxation in 2022 to March 2024 amounted to IDR 580.21 billion. The tax system is also being evaluated and refined to optimize the role of crypto asset trading for government revenue. 

Furthermore, Mr. Kazan continued, there is a need to optimize the role of the Crypto Asset Committee to encourage the development and development activities of the industry. There are currently 35 Prospective Physical Crypto Traders (CPFAK) registered with Bappebti. 

The CPFAK must immediately complete the conversion process to become a physical crypto asset trader (PFAK) in accordance with applicable regulations. Currently, there are 545 crypto asset coins approved for trading in Indonesia. 

“Given the potential for increased crypto trading in Indonesia this year, we need to develop products specifically around local coins,” Kasan said.

Find more news and articles on Google News