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View all search resultsNFTs have not been legally defined in Indonesia, but several characteristics of NFTs can make them fall under a certain area of prevailing laws, such as copyright, crypto-asset as a derivate with its value derived an underlying asset, digital goods and/or simply electronic information.
The government is expecting the total value of transactions at this year’s Trade Expo Indonesia (TEI), an annual international business-to-business event, to be less than that of last year, although it still expects the expo to boost the country’s trade.