JAKARTA – One of the crucial issues in electronic transactions such as those that occur in the crypto realm is security. For this matter, the Ministry of Trade through the Commodity Futures Trading Supervisory Agency (CoFTRA) has issued strict rules so that the stakeholders involved are guaranteed the security of their transactions.
A supportive ecosystem will soon be prioritized along with the formation of a crypto exchange that will become a place for crypto players to transact safely. In addition, those who wish to use cryptocurrencies, for example, money laundering, financing of terrorism movements, drug transactions can be tracked more quickly with existing regulations.
Dr. Jerry Sambuaga emphasized that crypto is a commodity asset, not a currency. “I want to say that crypto is not a means of payment. Crypto is a commodity asset. The only legal tender in Indonesia is rupiah", he said.
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