[ad_1]
Share this article
Indonesia's recent presidential election, which initially ended in controversy when the winning duo claimed victory before official results were released, could ensure consistency and potentially even maintenance of crypto-friendly regulations in the country , according to industry observers.
Former Defense Minister Prabowo Subianto and the outgoing president's son, Gibran Rakabuming, received 60% of the vote immediately after the vote. farm.
The finalized results, released last week, indicate that the ruling party will remain in power, a development that members of the crypto industry see as a sign that Indonesia's blockchain strategy could remain unchanged or improve .
The Commodity Future Exchange (CFX, or Bursa Komoditi Nusantara), which operates as a nationalized exchange for crypto, maintains that the exchange's operations are politically neutral, although Subani, its head, has expressed some appreciation for Gibran. The son of the outgoing president is known in the country as a strong supporter of crypto.
“However, it is true that during the election period and presidential debates, Mr. Gibran specifically mentioned crypto, and we are delighted with the attention given to the crypto industry in Indonesia,” Subani said.
Subani was referring to points made by Gibran during the presidential debates. Under President Joko Widodo's government, Indonesia's cryptocurrency industry has seen virtually unhindered growth. The government established regulations for the crypto sector, launched the world's first national exchange for crypto assets, and implemented a comprehensive tax system. It also appears that the government may approve tax cuts for crypto.
William Sutanto of INDODAX, one of the leading crypto exchanges in Indonesia, expressed confidence in Gibran's ability to advance blockchain and crypto, representing the younger generation. Sutanto hopes that the government will provide full support for cryptocurrency in order to position Indonesia as a competitive force in Southeast Asia, especially against countries like Thailand, the Philippines and Vietnam.
Indonesia currently leads Southeast Asia in the number of registered crypto users, but lags behind Thailand and Vietnam in terms of trading volumes. Yudhono Rawis, CEO of Tokocrypto, another leading local exchange, believes crypto and blockchain could boost the national economy and investments, emphasizing the importance of better infrastructure, education and laws clear paths for the growth of the Indonesian crypto industry.
Share this article
[ad_2]
Source by [author_name]