Indonesia's Futures Exchange Supervisory Board (Bappebti) recognized digital currencies as a commodity and has allowed the trade in cryptocurrency futures. This was reported by the agency's market supervision chief, Dharma Yoga, writes Jakarta Post.
The publication notes that the decision was made after four months of research on this issue.It is also noted that in the near future, that Bank Indonesia (BI) will finalize the development of rules for regulating the activities of crypto-bills in the country and their taxation.
Dharma Yoga also noted that in order to prepare an exhaustive regulatory framework, the agency turned to local crypto-exchanges to make their own proposals regarding potential regulation.
Earlier in January, Bank Indonesia (BI) had announced plans to issue a launch of a digital currency of its own using the blockchain technology. BI’s assistant deputy director for bank payment systems, Susiati Dewi, said that the central bank is looking to adopt blockchain technology for a potential digital rupiah, trials for which are expected to start this year.
By Ekaterina Ulyanova