Association of Blockchain & Crypto Asset Traders Appreciates Government Steps in Regulating Crypto Ecosystem

Association Of Blockchain & Crypto Traders Present In Year-End Dialogue With OJK (photo: Tokocrypto)

JAKARTA - Currently, crypto assets have played a key role in the evolution of the digital financial sector in Indonesia, especially in helping increase financial inclusion and opening up new investment opportunities.

In deepening the discussion of crypto assets, recently the Indonesian Blockchain & Crypto Asset Traders Association participated in the End of Year Dialogue with the OJK Board of Commissioners (Indonesian Financial Services Authority) and other stakeholders in the Financial Services Industry.

Deputy Chairperson of the Indonesian Blockchain & Crypto Asset Traders Association, Yudhono Rawis, expressed his appreciation for the OJK and representatives of the financial services industry in managing the crypto asset ecosystem in Indonesia

On that occasion, Yudho emphasized that business actors strongly support policies that encourage positive growth and development in the Indonesian crypto asset industry.

"The association is committed to collaborating to strengthen the domestic market and digital asset ecosystem," said Yudho, who also serves as CEO of Tokocrypto, in a statement received on Thursday, December 7.

He also believes that close cooperation between the government and industry can create policies that support the balanced and sustainable growth of the crypto sector.

"This effort will not only encourage economic growth, but will also ensure security and protection for investors," he added.

OJK noted that the trend of crypto asset investors will increase throughout 2023, even though transaction values ​​will decrease.

In October 2023, the number of crypto asset customers was recorded at 18.06 million, and the value of crypto asset transactions during the January-October 2023 period reached IDR 104.9 trillion.