Kuala Lumpur, Malaysia--(Newsfile Corp. - June 26, 2022) - Deputy Minister of Trade DR. Jerry Sambuaga visited Malaysia, being invited as speaker at a seminar on the development of the Asian blockchain community. The event lasted for 2 days from June 24th to June 25th, in which the Vice Minister of Trade had the opportunity to be the main speaker on June 24. On this occasion the Vice Minister of Trade explained the progress and direction of crypto trading which is growing rapidly in Indonesia.
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Jerry emphasized "Crypto trading is regulated by the CoFTRA (Bappebti) under the Ministry of Trade because crypto in Indonesia is categorized as a commodity and not as currency, Rupiah is the only medium of exchange or currency that is legal tender in Indonesia according to Indonesian law".
At the seminar which was held both physically and online (hybrid) with participants from Indonesia, Malaysia, Singapore, New Zealand, Canada, India, Vietnam, UAE, Venezuela, USA and Europe, DR Jerry also invited Indonesian crypto players to continue to innovate and educate the public so they can use crypto as an investment instrument. To crypto players outside Indonesia, the Vice Minister of Trade invites them to invest and enter as players in the crypto industry in Indonesia.
Jerry further said that Indonesia is a potential future market with a demographic bonus...
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