Deputy Minister Of Trade Jerry Emphasizes The Importance Of Crypto Asset Trading Literacy

Deputy Minister of Trade Jerry Sambuaga (right). (Photo: Doc. Ministry of Trade)

Deputy Minister of Trade (Wamendag) Jerry Sambuaga emphasized the importance of the public understanding how to trade in the crypto asset sector.

The goal is for the public to understand the character, potential and risk of trading crypto assets.

As a new asset, said Jerry, crypto does have its own different character compared to other commodities and is also different from stock trading.

"Therefore, the importance of the public observing and understanding how to trade in the crypto asset sector," he said in an official statement, Friday, April 14.

According to Jerry, what is typical of crypto assets is its decentralized nature.

This trait on the one hand opens up opportunities, but on the other hand it also carries its own risks.

"Therefore, it is necessary to analyze the exact individual when transacting crypto," he said.

Jerry said the government will also support the protection of crypto consumers with various policies ranging from regulatory support, supervision and education and socialization as carried out in the Crypto Literacy Month carried out by the Ministry of Trade today.

The government, continued Jerry, has also long drawn up a framework so that there is a risk mitigation of trading in crypto assets.

This was done by the Ministry of Trade through the Commodity Futures Trading Supervisory Agency (CoFTRA).

In the future, CoFTRA and the Ministry of Trade will continue to develop consumer protection patterns and other regulations so that the public will be more secure in trading crypto assets.

However, Jerry continued, personal mitigation also needs to be carried out by each crypto actor based on their respective roles and portions.

"So we will encourage the sword, consumer and later the crypto exchange to have a system and mechanism in mitigating crypto trading. So we all move together synergically so that we can maximize this crypto potential and we minimize the risk," he said.