The Indonesian Blockchain Association Asks For Crypto Exchange Taxes Not To Burden Customers And Traders

JAKARTA - The Association of Indonesian Crypto Asset Traders (ASPAKRINDO) and Chairwoman of the Indonesian Blockchain Association (A-B-I) warmly welcomes the inauguration of the Stock Exchange, Clearing, and Storage Site Manager (Depository) of crypto assets in Indonesia by the Commodity Futures Trading Supervisory Agency (BAPPEBTI).

According to ASPAKRINDO Chairman Teguh Harmanda, this inauguration shows BAPPEBTI's progressive steps and the government's commitment to creating an environment that supports the development of crypto asset technology in Indonesia.

"This step is also an important momentum for Candidates for Physical Traders of Crypto Assets (CPFAK) to obtain the physical status of crypto asset traders. In addition, this inauguration also provides a forum for business actors to transact safely and trustedly," said the man who is familiarly called Manda in his statement.

In addition, according to Chairwoman of the Indonesian Blockchain Association (A-B-I), Karnengsih, this inauguration paved the way for the acceleration of the growth of the domestic crypto asset industry in terms of supervision and development of products and services in crypto asset transactions.

Not to forget, Asih also emphasized the importance of the Stock Exchange, Clearing Institution, and Depository to consider membership and transaction fees in order to maintain the competitiveness of local business actors.

He hopes that there will be a tax fee burden that must be paid by CPFAK (BDPP) as well as taxes imposed on customers (VAT & PPh), imposition of membership fees and crypto asset transactions on market management organs, not burdening CPFAK or customers.

Because according to Asih, high tax burdens can encourage the transfer of interest in the use of foreign or unregistered crypto asset transaction platforms, which can also result in capital outflows.