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Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value https://t.co/4vnVIcEnKE
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📣 Latest News: Indonesia mulling changes to dual taxation on crypto: Report #news #cryptonews #crypto
Indonesia's crypto regulator, Bappebti, is urging the finance ministry to revise digital asset tax rates for the better. The Commodity Futures Trading Regulatory Agency of Indonesia supports annual reviews of crypto taxes. Indonesia saw a 62% decrease in crypto tax revenue in 2023 despite Bitcoin's value surge.