The Indonesian government, unlike the Chinese government, has no plans to completely ban cryptocurrency transactions in the country.
- According to Beritasatu’s report, Indonesia’s crypto money policies will not follow China’s footsteps, announced by Minister of Commerce Muhammad Lutfi.
- Regarding cryptocurrency transactions, the Minister said, “We don’t ban them, but We will tighten the regulations even more.” said.
- In line with regulation 99, which entered into force in 2018 legally The interest in cryptocurrencies in Indonesia, where cryptocurrencies can be traded, has increased recently.
- According to the data announced by the Ministry of Commerce, a total of 64.9 trillion rupees of crypto money transactions were made in the country in 2020. 370.4 trillion rupees for the period January-May 2021 it happened.
- Total number of cryptocurrency users in Indonesia in a year more than twice It is estimated to increase to over 4.2 million.
Image: Indonesian flag (image modified by Koin Bulletin)
The article titled Indonesia Does Not Follow the Footsteps of China Banning Cryptocurrency Transactions was prepared by Ömer SAKMAR and published on koinbulteni.com.