Illegal Trading Rises, DPR Asks CoFTRA To Prepare Clear Regulations For The Digital Economy Ecosystem

Illustration (Photo: Antara)

JAKARTA - The Indonesian House of Representatives considers the rampant cases of illegal trading robots to be a serious concern for the government, especially the Commodity Futures Trading Supervisory Agency (CoFTRA). This is so that Indonesia's digital financial system ecosystem can run well and the public will not be harmed.

Member of Commission VI of the Indonesian House of Representatives (DPR RI) Intan Fauzi said that the rise of online trade, investment and loans needs to be anticipated by CoFTRA so as not to harm the community

According to her, the public must be properly educated so that they know which trading robot companies are legal and illegal. So, said Intan, Indonesia's digital financial ecosystem is running well.

"The development of the digital world is very fast, so it is necessary to pursue infrastructure and prepare clear regulations for trading robots so that the legal ones do not collide with the rules," said Intan to reporters, Monday, April 11.

The PAN Party politician also reminded that Indonesia should not be left behind with a developing trading ecosystem such as crypto, non-fungible tokens (NFT), and metaverse. Because if Indonesia is left behind, it will cause foreign parties to enter and society will only become a market for foreign products.

"The government needs to be responsive and responsive," said Intan.

Therefore, Intan considers the role of CoFTRA in preventing, supervising, and closing the illegal. For prevention, he said, it could be done with massive education and literacy so that people know which trading companies are legal and which are illegal.

"Regular monitoring and evaluation of trading robot activities is not only to minimize the risk of public loss, but also to keep the trading ecosystem in Indonesia healthy," she said.