Ketum Aspakrindo: G20 Confiscation Of Crypto Assets Facilitation Of Industrial Growth

Illustration. (Photo: Doc Antara)

JAKARTA - Chairman of the Association of Indonesian Crypto Asset Traders (Aspakrindo), Teguh Kurniawan Harmanda said that the discussion of crypto assets in the third meeting of the FMCBG and FCBD G20 in Bali facilitates the growth of the crypto industry in the future.

"The development of crypto assets cannot be denied very quickly. The momentum for the 3rd meeting of the FMCBG and the G20 FCBD in Bali later, can be used for each G20 country to exchange ideas on how policymakers need to achieve the right balance between innovation and risk mitigation," said Harmanda, quoted from Antara, Friday, July 8.

Manda hopes that this series of meetings can encourage the growth of the crypto and blockchain asset industry in Indonesia, through mature regulations by prioritizing digital transformation and inclusiveness.

In addition, panelists can better get to know the CBDC concept that uses blockchain technology to provide wider access and encourage financial inclusion.

Crypto assets have now started to gain recognition globally by entering as the main discussion on the annual World Economic Forum (WEF) agenda which was held last May.

"Crypto and blockhcain assets are no longer underestimated by global economic leaders," he said.

Manda is optimistic that the crypto industry will continue to grow, even though the market as a whole is experiencing flexibility.

According to him, crypto assets are increasingly integrated with global economic activity, so there are risks in the crypto industry.

Previously, the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade released a report on the growth of the crypto asset industry in Indonesia from January to May 2022.

In the report, Tokocrypto recorded that he achieved a transaction value of up to Rp95 trillion.

In the next position in a row, Indodax was followed by Rp75 trillion, Pintu Rp10 trillion, Accounting Rp8 trillion, and Zipmex Rp1 trillion.