Cryptocurrency as Commodities in Indonesia.

[Breadwinner]

According to Bitcoin.com

Cryptocurrencies in Indonesia will be regarded as commodities, according to a new decision by the country’s futures market regulator. It comes after a study concluding that digital coins deserve the commodity status. The government is expected to prepare a broader regulation covering other aspects of the crypto sector including trading and taxation.

What do you think will happen to cryptocurrency now that Indonesia is legalizing the cryptocurrency in their country? Even though they have stated earlier this year that they are banning Bitcoin?

I think that it will serve as a positive news to cryptocurrency and might help to gain a lot of new investors. Because of the study that Futures Exchange Supervisory Board (Indonesia) conducted in the past four months, they have concluded that Cryptocurrency is a commodity. I think that it might serve as a sign to other countries to legalize Cryptocurrency in their countries.

This is the Source

[Confero]

If only Cryptocurrency in Legalkan in Indonesia, then I am sure the public demand for Bitcoin in Indonesia will increase rapidly. because as I know, even though in Indonesia Bitcoin and Cryptocurrency are not legal, many people have taken advantage of this opportunity to seek profit. I can see it from their Facebook Group, many people commented there.