T-Hub Tokocrypto Opens in Bali
The crypto trend in Indonesia has been steadily increasing lately. Welcoming the interest, T-Hub Tokocrypto also opened in Bali.
Deputy Minister of Trade (Wamendag) Jerry Sambuaga revealed that customer data and crypto-asset transactions in Indonesia increased sharply. This increase is seen from the comparison of data between 2020 and 2021.
"The growth and development of this crypto asset are extraordinary. I will share a little, throughout 2021 the data we received, the customers who bought and sold this crypto were 11.2 million (customers)," said Jerry at the opening of the Tokocrypto T-Hub in Bali, Friday. (21/1/2022).
In fact, in November 2021, the number of new crypto asset subscribers was around 7 million. Therefore, there has been an increase of around 4 million more subscribers until the end of December 2021.
Not only the number of customers, but the transaction value of Indonesia's crypto assets has also increased sharply, reaching Rp. 859 trillion throughout 2021 with daily transaction values reaching Rp. 2.7 trillion. In fact, in 2020, the accumulated value of transactions only reached 60 trillion. In fact, in November 2021, the number of new crypto asset customers was around 7 million. Therefore, there has been an increase of around 4 million more subscribers until the end of December 2021.
Not only the number of customers, but the transaction value of Indonesia's crypto assets has also increased sharply, reaching Rp. 859 trillion throughout 2021 with daily transaction values reaching Rp. 2.7 trillion. In fact, in 2020, the accumulated value of transactions only reached 60 trillion.
"I remember that 2020 was IDR 60 trillion in accumulation. IDR 60 trillion to IDR 859 trillion, imagine in a year. From 2020 it was IDR 60 trillion from January to December. 2021 it was IDR 859 trillion. That means how many times it is, 1,000 percent," he said. Jerry.
Jerry said that the increase in customers and transaction value of crypto assets in Indonesia was caused by the presence of Tokocrypto traders and so on. They are considered to contribute and excite Indonesian citizens about trading crypto assets.
In addition, the growth of crypto assets is also due to the abundance of information about crypto assets around the world. This information cannot be separated from technological advances. Now with technological advances we can see, read and maybe observe, analyze many new coins or tokens that exist around the world," he explained.
Jerry said that so far Indonesia has recognized 229 crypto asset tokens or coins. This number is far less than the total number of coins in the world.
"Those called tokens, those coins, only 229 in us (in Indonesia) are recognized. But in the whole world, there are 12 thousand, now adding more, 15 thousand. Tens of thousands, roughly," said Jerry.
Jerry said that his party was not careless in recognizing the existence of coins for crypto assets in Indonesia. This is to ensure that crypto-assets recognized in Indonesia are not fake.
"We don't carelessly pick up new coins. No! Because we want to make sure that these assets are not fake. Now that's through strict screening," he said.
Although the number of coins that are recognized in Indonesia is still quite limited, according to Jerry, it has given a lot of interest and growth in the community, especially the younger generation. Statistics received by his party, that 90 percent of crypto-asset customers in Indonesia are in the age of 20 to 30 years.
"In addition, these traders, one of which is Tokocrypto, which has carried out many activities by buying and selling crypto assets in Indonesia. And not only Tokocrypto but also others. This has also provided significant growth," said Jerry. Bursa for trading crypto assets will be coming soon in Indonesia. This exchange was established by the Ministry of Trade (Kemendag) in particular the Commodity Futures Trading Supervisory Agency (CoFTRA).
"That the Ministry of Trade will shortly establish a crypto exchange," said Deputy Minister of Trade (Wamendag) Jerry Sambuaga at the opening of the Tokocrypto T-Hub in Bali, Friday (21/1/2022).
Jerry said it is important that crypto exchanges are presented to revive and create a better crypto asset trading ecosystem. "Now we sell and buy directly to traders, but when there is exchange it will be more accountable, clearing, custodial, recording so that it will be more integrated. between consumers and traders," he said.
"And of course, the most important thing is to provide security and protection for consumers, that's our concern at the Ministry of Trade," continued Jerry.
However, Jerry did not state in detail when the crypto exchange would officially open. He only said that the crypto exchange would be present shortly.
"If you are asked when trying as soon as possible. This is still in process, CoFTRA's friends are working day and night to process this," he said.
Jerry emphasized that the most important thing for the presence of this crypto exchange is protection for consumers.
