Jokowi Highlights Money Laundering Patterns Through Crypto, Here's The Response Of ASPAKRINDO's Deputy

Illustration of crypto assets (photo: Unsplash)

JAKARTA - Recently, Indonesian President Joko Widodo highlighted the potential for misuse of crypto assets as a new pattern of Money Laundering (TPPU).

Data from Crypto Crime Report also found indications of money laundering through this crypto asset amounting to USD 8.6 billion in 2022, which is equivalent to IDR 139 trillion globally.

Responding to this situation, the Deputy Association of Indonesian Crypto Asset Traders (ASPAKRINDO) and the CEO of Tokocrypto, Yudhono Rawis reminded that any technology, including crypto assets, has potential for abuse.

"Blockchain offers great potential to advance the world of finance and the economy. Its transparency and accountability can help fight financial crime and build a fairer financial system. However, we must also be aware of its potential abuse," said Yudho.

For that, according to him, with the right collaboration and steps, we can ensure that blockchain can be used sustainably and provide benefits to all parties.

Prevention Of Money Laundering In Indonesia's Crypto Industry

Not to forget, Yudho also appreciated the issuance of Presidential Decree No. 14 of 2024 concerning the Determination of Indonesian Membership in the Anti-Money Laundering Task Force.

Because according to Yudho, Indonesia has shown significant progress in tightening the regulation and supervision of the crypto industry.

"The progress of the regulation and supervision of the crypto industry in Indonesia should be appreciated. The strict implementation of KYC has helped identify and prevent suspicious transactions," he said further.