How's Indonesia's crypto landscape looking? According to the M | TokoToken (TKO) Announcement [Official]

How's Indonesia's crypto landscape looking?
According to the Ministry of Trade (MoT), more than 6.5 million Indonesians traded cryptocurrencies between January and May of 2021 with USD25 billion worth of cryptocurrency changing hands.

With there being only 2.2 million stock traders in Indonesia, cryptocurrency has become the most popular investment asset class in the country.

So, what's the MoT's take on the meteoric rise of cryptocurrencies in Indonesia?
While the MoT recognizes the enormous potential of Indonesia's crypto industry, it also highlighted the need for proper regulations to prevent cryptocurrencies from being misused for money laundering or terrorism financing purposes.

As the first cryptocurrency exchange in Indonesia to be registered with BAPPEBTI, Tokocrypto is all for regulations.

Do join us for our upcoming TKO Summit 2021 on 24 July 2021 for some insightful discussions on the regulatory landscape in Asia's crypto sphere.

Till next time, adios Tokonauts.