Indonesia Needs Regulation that Cryptocurrency Covers
Indonesia needs additional regulation to overshadow the existence of Bitcoin and digital assets.
Chairman of Blockchain Indonesia Association Oscar Darmawan said cryptocurrency is more fitting to be seen as a commodity.
He refers to Law No. 10 of 2011 on trade which refers to commodities as goods and rights which can be subject to agreement or activity on goods or services whether tangible or intangible. So the current regulation is not enough.
Meanwhile, Oscar approved the government's decision prohibiting all payment activities using cryptocurrency. Because the decision is in accordance with Law No. 7 of 2004 on currency that only recognizes the Rupiah as a means of legitimate payment in Indonesia.
He also exemplifies Japan as the best country in adopting cryptocurrency. Other countries in Europe and the United States are also active in making new regulations on this matter. While in Southeast Asia, Oscar sees no country has made clear regulation.
Later, Oscar often wara-wiri in various forums special cryptocurrency or economy in general. Currently, the discussion about Bitcoin and other digital assets are also increasingly mushrooming.
For future viewers: price of bitcoin at the moment of posting is 7581.20USD
For future viewers: price of bitcoin at the moment of posting is 7572.20USD
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