Cryptocurrency indonesia
Compared to 23 percent in developed countries lithe the US, France, and Germany. Cryptocurrencies like bitcoin, Ethereum, and Solana have gained traction in Indonesia in the past few years. The government decided to accommodate the currency's development as part of its larger strategy to transform the country's digital economy. While cryptos are illegal as a medium of exchange in Indonesia, the government allows them to be traded as commodities.
The number of crypto investors in Indonesia has doubled in the past year alone to more than 12 million people, according to data from Commodity Futures Trading Regulatory Agency Bappepti. In comparison, Indonesia's number of stocks market investors was just north of 7 million.
Gemini's study was not "fully representative of the total population of the large and multicultural nation," Medora said. Still, the report provided a better understanding of the current adoption rate in Indonesia and the wider Asia Pacific region, Medora said. Also, the report found a trend unique to Indonesia's crypto scene.
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