Clear Regulations Become Driven Factors For Increasing Crypto Investors In Indonesia

Photo: Illustration of crypto assets (photo: Pixabay)

JAKARTA - As we know, the growth in the number of crypto investors in Indonesia continues to increase. As of July 2023, data from the Commodity Futures Trading Supervisory Agency (CoFTRA) noted that the number of crypto investors in Indonesia has reached 17.67 million people.

This number increased by 13 thousand people, an increase of 0.74 percent, compared to June 2023, which previously only reached 17.54 million people.

There are many factors that influence the growth of the number of crypto investors in the country, one of which is education related to crypto assets, as well as regulations that are getting clearer.

According to Tokocrypto CEO Yudhono Rawis, this increasingly clear regulation and government understanding of crypto have helped increase public trust.

"When the government provides clearer guidance on how crypto will be regulated, it can reduce uncertainty and encourage more people to engage in the crypto ecosystem with confidence," Yudho said in a statement received some time ago.

Yudho also emphasized that clear regulations are the main foundation for building a strong crypto ecosystem in Indonesia.

"This is a positive sign for industry players, and we really appreciate the government's commitment to creating a conducive environment for crypto growth," he added.

On the other hand, Indonesia has also made history as the first country to have a complete crypto trading ecosystem, including investors, physical crypto asset traders, exchanges, depository, and clearing.

The existence of this crypto exchange will be the main key in shaping a healthy and safe crypto investment climate, and is expected to continue to increase the volume of crypto trading, and have a positive impact on national economic growth.