The Legitimacy of Tax Imposition on Bitcoin in the Commodity Futures Exchange

Abstract

Bitcoin is ctyptocurrency assets traded on the physical market of cryptocurrency assets on commodity future exchanges. The purpose of this research is to determine and explore the legal status and regulations regarding taxation of bitcoin conducted on commodity future exchanges. This research is conducted of secondary using a normative juridical method, which involves the use and collection of secondary data and focuses on legal regulations. The result of the research indicate that the legal status of bitcoin taxation on commodity future exchanges has been regulated by applicable laws and is recognized based on legal theories and princples.