What's up in Indonesia's digital economy? Indonesia's USD44 bi | TokoToken (TKO) Announcement [Official]

What's up in Indonesia's digital economy?
Indonesia's USD44 billion digital economy is booming to say the least. With scions of wealthy families that run conglomerates such as Sinar Mas Group, Djarum and Entek Group dabbling in Indonesia's local vibrant tech sector by investing in home-grown firms and start-ups, this is driving the country's digital economy to unprecedented heights.

So, what's the impact of this on Indonesia's crypto domain?
According to data released by the country's Ministry of Trade, cryptocurrency transactions in the country grew by more than 500% during the period from January to May 2021 to reach USD25.8 billion.

With there being 6.5 million cryptocurrency investors in the country as of May 2021, this is more than the number of retail investors registered with the Indonesia Stock Exchange (IDX) which stood at just 5.37 million as of May 2021.

Till next time, adios Tokonauts.