In Indonesia, cryptocurrency has been established as a commodity subject that can be traded on the futures trading exchange by the Ministry of Trade through the Commodity Futures Trading Regulatory Agency (Bappebti).
The popularity of cryptocurrency in Indonesia can be said to defeat Malaysia, France, Italy, and Romania. According to an International Decentralized Association of Cryptocurrency and Blockchain (IDACB) report, Jakarta is one of the ten highest crypto-capitals in the world.
For people who are familiar with cryptocurrency in Indonesia consider Bitcoin, Ethereum and other cryptocurrency as safe investment products.
Apart from Indonesia, Bitcoin still dominates the markets of other countries. Crypto assets that are popular in Indonesia are currently more dominated by Ethereum (36%).
At present 48% of Indonesians who know about crypto assets say they want to have cryptocurrency. This number can still increase if the price of cryptocurrency can be more stable because price stability is the main reason (42%) of Indonesian people's concern about cryptocurrency. Transaction security is also one of the biggest concerns of cryptocurrency enthusiasts (38%), and there are 36% who are willing to adopt cryptocurrency if there is a trusted provider of transaction services for buying and selling crypto assets.