Indonesia’s Directorate General of Taxes is finalizing a crypto tax policy. As a major player, Tokocrypto, led by CEO Calvin Kizana, is involved in discussions to shape this policy. The proposed changes aim to regulate and standardize taxation.

Calvin Kizana from Tokocrypto is advocating for tax parity with stocks. He emphasizes aligning cryptocurrency taxes with those of equity markets to maintain national industry competitiveness. These changes focus on treating crypto assets more like financial assets.

Government’s Tax Strategy Aimed at Boosting Competitiveness

Calvin Kizana acknowledges the government’s commitment to digital finance. His statements suggest that alignment with stock taxes will bolster Indonesia’s competitiveness amidst global markets. Tokocrypto anticipates a healthier business environment through these regulations.

Potential regulatory adjustments could incentivize transparent involvement from institutions. Historical trends show that such policies often lead to increased trading activities in major crypto exchanges. Tokocrypto supports a balanced tax approach for a robust digital asset ecosystem.

2024 Regulatory Shifts Enhanced Crypto Market Legitimacy

Previously, in 2024, Indonesia enhanced its crypto regulations by licensing exchanges, boosting legitimacy. Historical data shows policy shifts often increase crypto trading volumes. These measures echo the 2024 regulatory framework that enhanced market reliability.

Kanalcoin experts note Tokocrypto’s influence in regulatory discussions. The Binance-backed exchange contributes significantly to Indonesia’s crypto tax policy. Historical data suggest that aligning with financial markets could spur further growth and attract institutional investors.

We welcome the process of drafting a tax policy on crypto assets that is being finalized by the DGT. This step shows the government’s commitment to regulating the industry with an inclusive and adaptive approach to the development of digital technology and finance. – Calvin Kizana, CEO, Tokocrypto