World Leaders' Support Is A Fresh Wind For The Crypto Industry

Crypto (photo: illustration: Unsplash)

JAKARTA - Indodax stated that the support from world leaders is a positive impetus for the growth of the crypto industry globally.

According to Indodax Chief Executive Officer (CEO) Oscar Darmawan, it is important that there are balanced regulations and continuous innovations to ensure the sustainability and security of the crypto ecosystem for investors.

The president's role in establishing policies related to digital assets, especially cryptocurrencies, is very important. They have a major influence in determining the direction of government regulation on the crypto industry, which can affect crypto adoption nationally and internationally," Oscar said, quoting Antara.

Oscar said the pro-crypto president's presence would boost the growth of the crypto industry in their country and influence the world that crypto has the potential to become an integral part of the global financial system in the future.

"Support from these leaders can bring positive changes in crypto adoption and regulation at the national and international levels," Oscar said.

In recent years, world leaders have begun to show support for cryptocurrencies, including El Salvador President Nayib Bukele who has made Bitcoin a legal currency in his country in 2021.

Then, former President of the United States (US) Donald Trump, who initially expressed doubts about crypto assets, but at the end of his position showed a more positive attitude towards digital assets.

Meanwhile, US President Joe Biden is in the campaign process to approach the crypto community, after in 2021 calling crypto a 'dangerous thing'.

From India, despite facing challenges in crypto regulation, Prime Minister Narendra Modi began to show interest in understanding the potential of blockchain and crypto technology, as well as considering a more open approach to the industry.

From Indonesia, crypto was mentioned by the Elected Vice President Gibran Rakabuming Raka during campaigns and debates, that Indonesia must prepare a young generation who are experts in Artificial Intelligence (AI), blockchain, crypto, and robotics experts.

In addition, the Indonesian crypto industry is supported by the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade, which regularly monitors developments.