Crypto Trading Can Be Misused if Not Regulated
Monday, May 24, 2021
Crypto assets become increasingly popular in Indonesia. In four months alone, from January to April, their transaction value reached Rp237 trillion, or a fourfold increase from throughout 2020. At least 5.6 million Indonesians now own various digital coins. Bappebti Chair, Indrasari Wisnu Wardana, explains his institution’s position regarding the new, largely unregulated market.
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CRYPTO assets have become increasingly popular in Indonesia. In just four months, from January to April, their transaction value has reached Rp237 trillion, or a fourfold increase from throughout 2020. At least 5.6 million Indonesians now own various digital coins. But the recent plummeting value of many cryptocurrencies across the globe sends an alert as to the high risk of investing in crypto assets.
The trade ministry’s Commodity Future
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