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Indonesia About Cryptocurrency

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Written by   482
1 year ago

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.

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Comments

thanks for writing about crypro at our country..

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1 year ago

O i see, are you from Indonesia to ?

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1 year ago

That's a progress on the rate of adoption of cryptocurrency in Indonesia. Thank you for sharing this information.

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1 year ago

Great article man. Great to know the perspective of crypto of another country.

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1 year ago

Truly speaking, the main agents that aid cryptocurrency popularity are the exchanges and trading agents. They play key roles a lot.

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1 year ago

True. I agree with this. To add on that projects like read cash also play their part as they increase the interest in crypto

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1 year ago

Many countries are banning or have already banned crypto. This is because of the fear that they will lose control

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1 year ago

Yes, that's very natural. Because of course there are many reasons for each country to still prohibit it. But in the future, of course they also prepare to receive it later.

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1 year ago

Crypto is the future and it doesn’t matter if they agree or not. As you said soon a mass adoption will start

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1 year ago