the Indonesia recognizes Bitcoin and other crypto-currencies officially as a commodity. By the Indonesian stock exchange Supervisory authority Cryptocurrencies as a “Trading Commodity” is defined, crypto-currencies have the necessary framework in order to be on a broader societal level, the recognition. The Central Bank is blocking payments with crypto-currencies.
By Phillip Horch
18. February 2019BTC$3.860,48 6.50% part Facebook Twitter LinkedIn xing mail
While in Germany there is no safe legal guidelines regarding the Bitcoin trade, other countries are making significant progress in the field of crypto-regulation. As a result, opened up about the Austrian Post recently, Bitcoin-to-machine. Other places, such as in Malta, the economy explodes through the Blockchain, since it has a clear (and crypto-friendly) regulatory. Now, there are also positive signals come from Southeast Asia.
Bappebti shall adopt Bitcoin regulation
the Indonesian stock exchange shall notify the supervision authority of Bappebti, it will accept crypto-currencies as a commodity. According to the Asian crypto-media-page, Kr Asia, it is official: You can Bitcoin and other crypto-trade currencies in Indonesia officially, without the need for the law to fear. While in Indonesia, there was also before the current thrust of the early Exchanges. These were, however, so the leaf more, always in an uncertain legal framework. This was sometimes at the Indonesian Central Bank, which had blocked payments with crypto-currencies, however.
New rules are to more security for investors to bring
the new regulation, the Indonesian stock market Supervisory authority are expected to provide security for investors. So must be fulfilled in case of Trades, each of the matching policies. This is to prevent a misuse of crypto-currencies for money laundering. Trader, Kr Asia, need to keep your data up to five years. In addition, the new law stipulates that the Server to which the Trades take place are always within Indonesia.
the Central Bank is unfazed
The Central Bank holds the however, blocking of crypto-payments. Because even if Bitcoin & co. are now recognized as trade goods, remains the official currency is the Indonesian rupiah.
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