Making a digital payment, e.g. using cryptocurrency is still, for many Italians, an operation that could potentially be a security risk. To highlight it is a study conducted by Luno, a company specialized in cryptocurrencies, through the Dalia Research platform on a sample of a thousand people for each of the countries taken into consideration are Italy, France, Indonesia, the United Kingdom, Malaysia, Nigeria and South Africa.
The first quarter (Q1) of 2019 introduced several key legal updates concerning cryptocurrency taxation. Q1 has seen various countries such as Italy, United States (U.S), Japan, Denmark, Poland, Romania, Venezuela, Indonesia, South Africa, India, Chile and others, define tax treatment for cryptocurrencies including Bitcoin (BTC), the top virtual asset by market cap (MC), Ethereum (ETH) and Ripple (XRP).
The Futures Exchange Supervisory Board (Bappebti), a commodities market regulator that falls under Indonesia's Ministry of Trade has disclosed that cryptocurrencies are viable commodities that are fit to be traded on the futures exchanges of their country.
Bank Indonesia has an aggressive attitude towards cryptocurrencies, such as Bitcoin, and has considered banning them. However, BI now plans to launch its own cryptocurrency that should become a competitor to existing coins on the local and international market.