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The Vice Minister of Trade Predicts the Use of Crypto Assets in Indonesia Will Soar!

The Deputy Minister of Trade (Deputy Minister of Trade) Jerry Sambuaga sees that the future of crypto in Indonesia will be bright and the use of digital assets is believed to be increasing.

We can’t deny it anymore, crypto currency (cryptocurrency) is booming all over the world. In fact, the users of this digital currency are increasing and it is claimed to be a profitable investment field.

In Indonesia, the growth in the number of cryptocurrency activists has also skyrocketed. This was conveyed directly by Jerry Sambuaga as Deputy Minister of Trade of Indonesia.

Vice Minister of Trade: Crypto Asset Users in Indonesia Will Soar

Launching from BetweenJerry Sambuaga said that crypto asset trading transactions in February 2022 greatly increased when compared to 2022.

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“The past two years have been an interesting year for the development of physical trading of crypto assets in Indonesia. Until February 2022, the transaction value grew by 14.5 percent compared to the same period in 2022. Also last month, the number of registered customers reached 12.4 million customers, “said Jerry Sambuaga.

Furthermore, he requested that all parties oversee these developments so that the trading of crypto physical assets remains on the right path and does not violate the regulations set by the relevant government.

Deputy Minister of Cryptocurrency
Photo: Liputan6

“This extraordinary development needs to be monitored together so that physical trading of crypto assets in Indonesia remains on the right corridor,” he continued.

It is known that trading in crypto physical assets has been regulated by CoFTRA in the attachment to CoFTRA Regulation Number 7 of 2022 concerning the Establishment of a List of Crypto Assets that can be Traded in the Physical Crypto Asset Market.

In addition, Jerry also emphasized that the existence of crypto in Indonesia is not to be used as a means of payment, but for commodities or assets.

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Not to forget, he also explained that digital currencies are still vulnerable to crime and have several risks that users must know.

“Crypto is not a means of payment but a commodity or asset. Crypto assets also carry risks, including money laundering, financing of terrorism, and the proliferation of weapons of mass destruction,” concluded Jerry.