NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Cryptocurrencies Are Now Commodities Subjected to Futures Trading in Indonesia

tim copeland
tim copeland
7 years ago
3 mins read
Indonesia

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Commodity Futures Trading Supervisory Agency (Bappebti) has said that cryptocurrencies are a commodity that can be subject to futures trading. This comes despite a central bank ban on fintech companies using digital currencies and government warnings to investors.

Futures Trading Expands to Indonesia

As reported by kontan.co.id, cryptocurrencies will now be subject to trading on futures exchanges. This trading allows investors to bet for or against crypto prices by lending coins with agreed contracts to buy them back at specific prices.

Currently, the Head of Bappebti has signed a decision to make cryptocurrency as a commodity worthy of trading on the exchange, said Market Supervision Chief Dharma Yoga.

Bappebti ran a study over the past four months, investigating the idea of futures trading for cryptocurrencies, which concluded that there is positive value to it being deemed a commodity. To put this in place, Bappebti is set to make more regulation regarding exchanges, crypto wallets and mining companies in order to establish cryptocurrencies as commodities. According to Yoga, this will require cooperation between the Bank Indonesia (BI) and the Financial Services Authority (OJK).

The issues of taxation were not fully addressed, but will be looked at by the Directorate General of Taxes. It was proposed that the trading will be subject to a final tax as well as taxes applied on the exchange. Bappebti also requested that exchanges put forward proposals for how the trading will work.

The regulation is aimed at preventing money laundering and the financing of terrorism. The Indonesian Financial Transaction Reports and Analysis Centre (PPATK) and the Indonesian National Police (POLRI) will provide support on this issue. This is likely to involve Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols.

Indonesia Torn Over Crypto

Having banned fintech companies from using cryptocurrencies and having investigated the notion of a central bank digital currency (CBDC), Indonesia is unsure whether they want to back this technology. From January 1 2018, their central bank banned fintech companies from using digital currencies although this did not include trading them.

At the time, Iwan Junanto Herdiawan, head of the fintech office at Bank Indonesia, said:

“Virtual currency is very volatile, according to our observation and nobody can guarantee its movement because there is no basis for it. Nobody can monitor and be responsible for it either. So the risks are high and can be widespread.”

The main concerns raised were over the volatility of digital assets. While this is certainly true, as Bitcoin fell from almost $20,000 to around $7,000 in a few months, volatility is likely to decrease as adoption grows and people start using it to purchase goods. Officials were also worried about losing control over monetary policy, such as the ability to print money to stimulate the economy, known as quantitative easing. Indonesian police have also cracked down on the use of Bitcoin in Bali, a popular tourist hotspot.

However, in January, it was reported that Indonesia was considering implementing a national digital currency, or a digital rupiah. Bank Indonesia executive director for payment systems, Susiato Dewi, said that they will trial a digital rupiah this year to see if it would make payments more efficient. Central bank digital currencies are being considered by countries across the world, but both Hong Kong and Estonia have recently cancelled efforts to push forward with the concept.

Featured image from Shutterstock.
Tweet123Share196ShareSend
tim copeland
tim copeland

tim copeland

Comments 1

  1. glen says:
    7 years ago

    nice news

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. glen says:
    7 years ago

    nice news

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July....

Scott Matherson 6 days ago
Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Bitcoin has held steady around the $108,000 price level in recent days. After bouncing back from a brief pullback near...

Scott Matherson 1 week ago
Bitcoin

Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

Bitcoin held its ground as US President Donald Trump’s “One Big Beautiful Bill” passed the Senate late Monday narrowly by 51–50...

Christian Encila 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In

Christian Encila 4 days ago
XRP

XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

Christian Encila 5 days ago
Ethereum

Ethereum Ready For Explosive Breakout: $5,791 The Minimum Target–Analyst

Scott Matherson 6 days ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    13 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    13 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    13 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    14 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.