Little Fish in the Big Crypto Pond
Cryptocurrency is growing in popularity in Indonesia’s online market. Some cryptocurrencies are profitable, some others not.
MUKHTAR Juned anxiously monitored crypto coin rates on Indodax, an online cryptocurrency marketplace, until midnight Friday, May 21. Mukhtar, an employee at a state-owned company in Aceh, has 126 types of tokens. “Tonight, they’re all red,” said Mukhtar. He sent us a screenshot via WhatsApp, to show his assets’ shrinking value.
Cryptocurrency values have dropped since mid-April, after rumors of the United States governmen...