Considered A New Reality, Golkar Continues To Highlight Crypto Development In Indonesia

The Coordinating Minister for the Economy of the Republic of Indonesia, Airlangga Hartarto, asked the public not to be allergic to crypto. (photo: VOI)

JAKARTA - The value of crypto trading in Indonesia, according to CoFTRA (Commodity Futures Trading Supervisory Agency) has reached Rp 370 trillion. Meanwhile, its subscribers have reached 6.4 million people. This makes socialization to the public and policy makers about crypto investment very important.

The discussion about cryptocurrencies is the focus of the Golkar Party, which continues to pay attention to crypto developments in Indonesia. In the discussion of the Golkar Research and Development Agency (Balitbang) regarding the regulation of crypto trading in Indonesia, the General Chair of the Golkar Party highlighted the development of this new type of investment.

Airlangga Hartarto, said that crypto is a new reality that must be considered for its benefits and impacts for the national economy. He hopes that all parties are not allergic to crypto but also prepare everything so that the negative impact can be managed properly.

"An open but anticipatory attitude is very necessary for all parties, including policy makers in responding to crypto. We must not be allergic because after all crypto is a present and future reality, but we must also be anticipatory in order to manage its impact," said Airlangga in his statement to media, Wednesday, July 14 .

Airlangga also assessed that crypto could be an alternative in the financial world. Several countries have also considered it. Admittedly, there are several countries that are trying to close the presence of crypto such as in China. But there are also realizing that crypto is a powerful global transformation such as El Salvador, South Korea, India and even the United States.

The governments of each country today need to adapt and accommodate crypto in their financial system and investment industry. However, Golkar also realizes that there are negative sides and impacts of crypto which can have a broad influence in the financial sector and the economy in general.

"All parties must be able to look at crypto comprehensively so that they can produce the best policies. The goal is to maximize profits and minimize negative impacts," said Airlangga.

According to him, the government's attitude to include crypto as a commodity and not a currency is a wise step taken by the Indonesian government.

"It's not only directly related to the law regarding money and transaction tools, but this is a step to manage crypto aspects that can have an unfavorable impact on the national economy," said Airlangga.

The chairman of the Golkar Research and Development Agency, Jerry Sambuaga, stated that the crypto discussion held by Golkar was an inseparable part of Golkar's determination to be one step ahead of other parties.

Balitbang Golkar always monitors the latest developments in all fields, so that it can provide appropriate input for Golkar members who are policy makers. The Golkar Research and Development Discussion on crypto is a form of socialization for both internal Golkar and the general public.

This is related to a new phenomenon in the trading of this commodity. Trading in the past year has been booming because of the large number of enthusiasts. "There are many advantages and of course there are potential losses in crypto trading. Therefore, people need to know how to transact safely in crypto trading," said Jerry.

"For the government, there are many things that can be developed but of course the government must ensure that all parties in the crypto industry comply with applicable laws and regulations. That is why policy makers also need to have the same vision about crypto," he said.