Jakarta – Deputy Trade Minister Jerry Sambuaga predicts that the number of crypto asset traders will continue to grow if they look at the current trend.
“The last two years have been very exciting for the development of physical trading of cryptocurrency assets in Indonesia. As of February 2022, the value of transactions has increased by 14.5 percent compared to the same period in 2021. Last month, the number of registered customers reached 12.4 million,” said Jerry. , according to Antara. Tuesday (29/3/2022).
Jerry added, this extraordinary development needs to be monitored together so that the physical trading of crypto assets in Indonesia remains on the right track.
The development of trading crypto assets is becoming more and more interesting from year to year. The Ministry of Trade recorded the transaction value of crypto assets in Indonesia amounting to 64.9 trillion rupiah in 2020 and 859.4 trillion rupiah in 2021. From January to February 2022, it was recorded at 83.8 trillion rupiah.
Meanwhile, the number of potential physical crypto asset traders in Indonesia who already have a registration certificate from the Commodity Futures Trading Regulatory Agency (CoFTRA) has increased to 18 crypto asset trading firms. In the near future, most likely this number will continue to increase.
The Deputy Minister of Commerce confirmed that the Department of Commerce through the Commodity Futures Trading Surveillance Agency (CoFTRA) has issued several regulations related to crypto assets.
The requirement to issue crypto assets for trading in Indonesia is regulated in CoFTRA Regulation No. 8 of 2021, including inter alia in the form of interest -bearing crypto assets or crypto -backed assets; He already has evaluation results using the Analytical Hierarchy Process (AHP) method defined by CoFTRA; And it has economic benefits.
The economic benefits involved include tax benefits, the development of the digital economy, the IT industry, and the competence of experts in the field of informatics (digital talent).
Jerry emphasizes that crypto is not a means of payment, but a commodity or an asset. Cryptocurrency assets must also be assessed for risks, including money laundering and terrorist financing risks, as well as the proliferation of weapons of mass destruction.
“Local trading crypto assets refer to CoFTRA Regulation Appendix No. 7 of 2020 which creates a list of crypto assets that can be traded in the physical crypto asset market, ”said the Deputy Minister of Trade.
The Deputy Minister of Commerce said that the Ministry of Commerce welcomes the emergence of many crypto assets created by the children of the country. This demonstrates the openness and interest of the local crypto community and developers in the work, providing the best for the crypto asset industry in Indonesia.
This article was published under the headline “Deputy Secretary of Commerce Expects Crypto Asset Traders to Continue to Rise “
