I feel happy right now. An incident that makes you happy in Indonesia. Because, Deputy Minister of Trade of Indonesia Jerry Sambuaga asked the Indonesian Ministry of Trade's Commodity Futures Trading Supervisory Agency to focus on cryptocurrencies.
This is the first step towards making Indonesia a cryptocurrency friendly country. Thus, Indonesian citizens need not be afraid to invest in the crypto market. You know, the Commodity Futures Trading Regulatory Agency is an official institution. Jerry Sambuaga even said clearly that crypto is an investment that has a great opportunity to improve the economy.
I believe that crypto comes with all the innovations. Jerry Sambuaga said this cryptocurrency should provide great benefits as well as be safe. In this case, Jerry Sambuaga wants security for crypto currency owners, business actors in the crypto market, also safe for the country.
For that, Jerry Sambuaga wants good institutional and regulatory capacity. Jerri, in his position as Deputy Minister of Trade of Indonesia, put pressure on the Central Bank of Indonesia, which had refused to invest in crypto. I was reminded of a virtue of a good system that cannot be denied forever. In the end, cryptocurrencies will support economic growth that was shaken by the pandemic.
To provide a sense of security to entrepreneurs in the crypto field, on December 17, 2020, the Indonesian Commodity Futures Trading Supervisory Agency has issued a regulation recognizing crypto as a tradable asset. This is stated in the Commodity Futures Trading Supervisory Agency Regulation Number 7 of 2020 concerning Determination of List of Crypto Assets that can be Traded in the Physical Market of Crypto Assets.
I can see the faces of the Bitcoin Cash owners with happy smiles. Because the legality of crypto has provided legal guarantees for the Indonesian people. I don't know if you will find out or find out about the legal basis why the Indonesian Ministry of Trade's Commodity Futures Trading Supervisory Agency has the courage to issue technical regulations on Determining The List Of Crypto Assets That Can Be Traded In The Physical Asset Market Of Cripto?
The following are laws that support the Commodity Futures Trading Supervisory Agency of the Indonesian Ministry of Trade:
Law Number 32 of 1997 concerning Commodity Futures Trading
Government Regulation Number 49 of 2014 concerning the Implementation of Commodity Futures Trading
Presidential Regulation Number 48 of 2015 concerning the Ministry of Trade
Regulation of the Minister of Trade Number 99 of 2018 concerning General Policies for the Implementation of Crypto Asset Futures Trading
Regulation of the Commodity Futures Trading Supervisory Agency Number 2 of 2019 concerning the Implementation of the Physical Commodity Market in the Futures Exchange
