Indodax Sambut Positive For Crypto Tax And Digital Rupiah For Crypto Development In Indonesia

Indodax CEO Oscar Darmawan (photo: Indodax)

JAKARTA - A few months ago the crypto tax in Indonesia as stated in PMK 68 had begun to be implemented. As CEO of Indodax, Oscar Darmawan sees this as a positive thing.

According to him, with the crypto tax, it will increase the legality of crypto as a recognized and legal digital commodity to be traded in the eyes of the law.

"Before the crypto tax, the tax that must be paid is the PPH tax. After the final tax, the tax is only 0.21%. This is certainly a positive thing. Moreover, the execution is quite easy because Indodax has collected taxes when customers transact on Indodax," Oscar explained in a statement received in Jakarta.

Oscar said that this is a big win for investors and also for the government. Based on data from the last government, the amount of crypto taxes for the government has reached hundreds of billions of rupiah.

Another development regarding crypto in Indonesia that is considered positive is the emergence of news related to the creation of digital rupiah by Bank BI, which was also welcomed positively by Indodax and is a good signal to be able to improve the digital economy ecosystem.

"When you talk about something digital, it will certainly be good for crypto. If digital rupiah is to be realized soon, it will make the digital ecosystem more accessible and easier to access digital platforms. Of course this is very positive," said Oscar.

Regarding the transfer of crypto surveillance to OJK, Oscar believes the government has a positive and certainly for the protection of customers.

"Frankly, I don't know what the impact will be when crypto surveillance is switched to OJK because there will be rules that will come out in the next 6 months," he explained.

However, Oscar believes the government is already thinking about this so it will not take steps that will hinder the domestic industry.

"I personally hope that the rules that come out to protect the industry so that the domestic industry does not die. If the domestic industry dies, the successful industry is foreign industry, people will trade outside Indonesia, and if the global company has liquidity problems, the Indonesian people will also suffer losses," he said.