Information about crypto in Indonesia
Hi, friend. I hope you are healthy and successful. in this post I try to discuss trading and crypto assets in our country.
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The total number of crypto asset investors in Indonesia reached 14.1 million consumers in May 2002 while registered stock investors were only 8.86 million. the average addition of the number of investors month in 2022 reached 394168 consumers, meanwhile crypto asset business transactions in Indonesia experienced a fairly large increase, until 2020 the value of Astrido's business transactions reached 64.9 Trillion Rupiah, the following year as of December 2001 the figure rose significantly to 859.4 trillion rupiah, during the period January-May 2022 it has reached 192 trillion rupiah, in current bear market conditions the daily trading volume must be considered to have decreased from the normal period which could reach US Dollar 50-70 million ( Rp.749 billion- 1 trillion), is now US Dollars 15-20 million. currently the number of investors in the crypto store is more than 2.7 million according to the CEO of the Crypto Store Pang Xue Kai.
Commodity futures trading supervisory bodies such as the Ministry of Trade have released reports on the development of the crypto asset industry in Indonesia. In the report, it was stated that the event's character was a prospective physical crypto asset trader with the highest business transaction value from January to May 2002.
The data on the crypto exchange with the highest business transactions in Indonesia in the report noted that crypto shops have a transaction value of up to 95 trillion rupiah. after that Indodax 75 Trillion Rupiah. 10 Trillion Rupiah. my account is 8 trillion. and zimmex 1 trillion rupiah.
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Bitcoin is one of the crypto assets with the largest business transactions in crypto stores alongside tether (USDT) and Ethereum (ETH). According to CoFTRA data, five types of crypto assets with the highest business transaction value are Tether of Rp. 42.3 trillion. Bitcoin IDR 18.5 trillion. Ethereum IDR 14.2 trillion. Dogecoin Rp. 6.8 trillion. and Terra Rp. 6 trillion.
Crypto assets in Indonesia have been officially traded. However, crypto assets are more of an investment asset, not a currency. This is a regulation of the Minister of the Economy. Crypto assets are still prohibited as a means of payment, but as an investment tool they can be included as commodities that can be traded on futures exchanges. With consideration, because economically the investment potential is large and if it is prohibited it will have an impact on the amount of investment that comes out because consumers will look for markets that legalize crypto transactions. Crypto Assets will be regulated in advance in the Regulation of the Minister of Trade which lists Crypto Assets as commodities traded on the Futures Exchange. Further arrangements related to technical matters as well as to accommodate inputs from Ministries/Agencies will be drafted implementing regulations in the form of Commodity Futures Trading Supervisory Agency Regulations. The results of the study concluded that, Digital Commodities or Crypto Commodities from the blockchain system can be categorized as rights or interests.
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