based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.
they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.
So, Indonesia is in second place after South Africa with a percentage of 70%.
of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.
Bitcoin is one form of the New Payment Method (NPM) consisting of virtual currencies that still have not received clear and explicit arrangements used in their use which are often used for follow-up transaction results. The Indonesian government finally legalized the trading of Bitcoin crypto assets and the like. The Ministry of Trade's Commodity Futures Trading Supervisory Agency (Bappebti) finally issued a regulation on the Technical Provisions for the Implementation of the Physical Market of Crypto Assets (Crypto Assets) on the Futures Exchange.
In the Bappebti regulation number 5 of 2019, Bappebti decides that the crypto assets that must be approved must meet certain requirements.
First, based on distributed ledger technology. Second, it consists of crypto utility or Crypto Backed Asset. Third, the market capitalization value is in the top 500 of the market share of crypto assets (coinmarketcap) for crypto utility assets. Fourth, it is included in the world's largest crypto asset exchange transaction. Fifth, crypto assets must also have economic benefits, such as taxation, grow industrial information and competence of experts in the field of informatics. Sixth, the risk of crypto assets has been agreed, including the risk of money laundering and terrorism, as well as the proliferation of weapons of mass destruction.