Indonesia has a new crypto regulator, and the switch could end up altering the country’s unique classification of crypto as commodities like gold or coal. iamsandali reports
Being treated as commodities has kept crypto out of the debate over which digital assets should be treated like traditional securities, something regulators and industry members in other economies like the U.S. are still arguing about.
The government says regulatory changeover will take two years, said Jay Jayawijayaningtiyas, country manager for crypto exchange Luno Indonesia, adding that it’s too early to speculate how the assets will be regulated by the new authority. Luno is owned by CoinDesk’s parent company DCG, and is a member of the ABI.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Regulator Advocates 'One Regulatory System' for Crypto and Traditional Finance – Regulation Bitcoin NewsSingapore's financial regulator says there should be just 'one regulatory system' for both crypto and traditional finance. cryptocurrency
Read more »
Cardano Founder Predicts Timing of Regulatory Shift: DetailsCardano founder predicts when a real change in regulation might occur CardanoADA ADA $ADA CardanoCommunity
Read more »
Chewy's push into pet telehealth runs into regulatory hurdles, skeptical veterinariansChewy wants to grow its veterinary telehealth service, Connect With a Vet, as part of an overall push into health care.
Read more »
Life Is Strange 2 Is Coming To The Nintendo SwitchNintendo Switch players now have the chance to own the complete Life Is Strange 2 collection as Square Enix will release it in February.
Read more »
Ford Offers Bronco Buyers $2500 to Give Up Their Orders and Switch ModelsThe off-road SUV is still struggling with global supply chain constraints.
Read more »
Nintendo Switch Online Subscribers Can Now Try Iconic Game for FreeNintendo Switch Online subscribers -- regardless of whether they are Expansion Pack owners -- can [...]
Read more »