Summary
Bappebti is seeking the removal of VAT on cryptocurrencies to align with how stocks are taxed, and oversight of the industry may shift to OJK, leading to crypto being treated as securities in Indonesia.
Key Points
1. Bappebti is seeking the removal of VAT on cryptocurrencies to align with how stocks are treated.
2. The shift in oversight to OJK could mean that cryptocurrencies will be treated as securities in Indonesia.
3. The Finance Ministry has not specified how they will revise taxes on cryptocurrencies.