Crypto Literacy Month Forms Good Crypto Exchange In Indonesia

Photo: Deputy Minister of Trade of the Republic of Indonesia, Jerry Sambuaga (photo: dock. Tokocrypto)

JAKARTA - After what happened to the crypto exchange FTX, many concerns were felt by crypto asset industry players, especially in avoiding future failures. To anticipate these concerns, both business actors and all stakeholders continue to work together to realize the "Good Crypto Exchange". One of them is through the Crypto Literacy Month which was held throughout February 2023.

The Crypto Literacy Month Program aims to provide education and literacy related to crypto assets not only to customers, prospective customers, the public, but also business actors and stakeholders related to crypto assets.

"The concept of crypto assets and blockchain will have a broad and intensive influence in various sectors and change the pattern of regulating the trade economy to be based on market and community authority," said Deputy Minister of Trade of the Republic of Indonesia, Jerry Sambuaga at the Crypto Literacy Month Media Briefing event "Crypto Asset Industry, Now and Later" on Friday, February 24, in a statement.

Therefore, he continued, Jerry felt that crypto assets must be regular and institutional and must be under state arrangements in their goal of providing protection to the community and being able to provide the best benefits for the national economy.

On the other hand, the Chairperson of the Indonesian Crypto Asset Traders Association (ASPAKRINDO), Teguh Kurniawan Harmanda, revealed that the crypto asset industry has continued to experience significant growth in the last two years. To accommodate this growth, the association will become a forum for members to encourage the strengthening of security and convenience of customer transactions.

"The trend of investing in crypto assets has now reached all levels of society from various ages and professions. To keep growth sustainable, we increase discussions and audiences for all stakeholders to jointly strengthen the industry even better," said the man who is familiarly called Manda.

As one of the crypto business actors at the CEO of Tokocrypto, Yudhono Rawis said he would continue to be with regulators and associations to realize the concept of "Good Crypto Exchange," and continue to comply with applicable regulations and synergize, as well as fully support programs and initiatives.

"As a business actor, of course, you must be complete with existing regulations and prioritize customer protection. Tokocrypto will continue to carry out the principles of good governance and continue to communicate with regulators," Yudho explained.

With the realization of the "Good Crypto Exchange", it is hoped that these discussions can make the crypto asset industry even stronger in the future.

In terms of growth in transaction value and the number of crypto asset customers in Indonesia is extraordinary. Based on data that CoFTRA value transactions in 2022 touched IDR 306.4 trillion.

In January 2023, crypto asset transactions were recorded at IDR 12.14 trillion. Although there was a decrease of almost 50 percent, the value of this transaction did not dampen customer interest in investing, the number of registered subscribers until January 2023 reached 16.9 million.