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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Indonesia considers capital gains tax on cryptocurrency trades

A new capital gains tax scheme on crypto trades is still being discussed, according to a tax official.

Neilmaldrin Noor, a spokesperson for the Indonesian Directorate General of Taxes, said that the authority is considering a tax scheme for capital gains generated from cryptocurrency trades, Reuters reports Tuesday.

“It is important to know that if there is a profit or capital gain generated from a transaction, the profit is an object of income tax,” the official stated. Noor said that Indonesian taxpayers who receive capital gain from crypto trades would have to pay the tax and report it to the government. 

The official noted that the new crypto tax scheme for capital gains has not been implemented and is still under discussion. 

The latest news comes weeks after Indonesia’s Commodity Futures Trade Regulatory Agency, or Bappebti, was reported to be considering a tax on all cryptocurrency transactions. As part of the proposal, the authority reportedly planned to automatically deduct the tax from transactions by 13 crypto exchanges operating under Bappebti’s regulatory oversight. An executive at Bappebti stated that the actual tax rate had not been determined as of late April.

Indonesia’s latest crypto tax proposals follow years of a blanket ban on payments made in cryptocurrencies. The country’s central bank issued a regulation banning the use of crypto in payment systems back in 2017, outpacing similar bans in other jurisdictions like Russia and Turkey.

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