As the digital asset, bitcoin and other digital currency (recent day there are around 500 cryptocurrencies available in the world market, but in Indonesia we just have 12 cryptocurrencies that available to convert to Rupiah).Those digital asset equally same with other conventional asset like gold or oil wich is has capital value.
Cryptocurrencies used blockchain tehnology (desentralized server) there is no one singel authority can control the protocol. But we can manage the transaction of user and market company. For example in Japan, thay make Bitcoin as a legal currency under FSA (Financial Service Agency). They control every transaction and user to protect form illegal transaction like drugs, terrorist and human trafficking or even more money laundry.
Do you know how many people in Indonesia were used cryptocurrencies? According to www.indodax.com (Indonesian Market) they have reached 1.1 Million active user and everyday transaction aroud 100 bilion rupiah and still continue. What a big number huh?
I think this is a good time for Indonesian government to take a place and protect our capital flow form financial crime.
Topic: Indonesian Government should make regulation related to Cryptocurrencies (Read 113 times)
April 05, 2018, 12:19:40 AM
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