Industry Players Express The Amount Of Taxes Expected For The Crypto Industry

The great hope of the crypto industry tax in Indonesia (photo: Pixabay)

JAKARTA - Indodax CEO Oscar Darmawan hopes that the presence of the CFX crypto exchange in Indonesia will not impose additional costs on investors because it has the potential to have an impact on the development of the national crypto industry.

Oscar said that currently crypto customers have been charged a much larger final tax fee than the tax imposed by stock traders, which is 0.21 percent.

"Currently we can see. Approximately more than the cost of trading crypto assets in Indonesia, the fee is more or less similar to the stock market, what distinguishes it is that the crypto asset tax in Indonesia is still 2 times greater than the final tax on shares," said Oscar, at the CFX crypto exchange launch event some time ago.

Furthermore, Oscar hopes that the large tax in the crypto exchange industry should not burden industry players or domestic traders in the fees imposed.

"So if I am asked, we hope that the government will be wiser in terms, for example eliminating VAT for crypto assets so that it becomes the same as in the stock market, which is 0.1 percent only," he said.

In a tweet on his personal account, Oscar also called for the same thing. Where he hopes that the presence of this crypto exchange in Indonesia will become an ecosystem that can better protect traders and investors.

"My hope is that the new ecosystem that has been formed will better protect traders and investors. On the other hand, we also hope for the advancement of the domestic crypto industry. Do not let the crypto futures exchange burden industry players and domestic traders who are imposed," he wrote.