Blockchain for the Future
The Ministry of Tourism & Creative Economy envisions that various products that utilize technology, such as Crypto Assets, NFT, and Metaverse, have received tremendous attention from the public as investment instruments.
The Minister Pak Sandiaga Salahuddin Uno says, “Blockchain in the future must be an opportunity that is not only enjoyed by the upper-middle-class economy but also has to provide various benefits for the grassroots, especially the tourism and creative economy businessman in Indonesia. We are also pursuing the target that President Joko Widodo has set in the Digital Transformation target that has been determined, which is to create 9 Million Digital Talents in 2035 and 30 Million MSMEs onboarding by 2024.”
“I appreciate BlockBali 2022 for being one of the media that helps the community and the government oversee blockchain development. We must jointly support various things that can make Bali a workcation for digital nomads.”
Crypto Trading Fuels Economic Growth
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According to the Ministry of Trade, from 2020 to 2021, there has been an exponential growth in crypto assets’ transaction value, with more than a tenfold increase in one year alone. The value of crypto asset transactions increased from IDR 64.9 trillion (approximately USD 4.36 billion) in 2020 to IDR 859.4 trillion (approximately USD 57.74 billion) in 2021
Indonesia’s Vice Minister of Trade, Dr. Jerry Sambuaga, who is bullish on crypto, says, “In Indonesia, crypto assets are considered investment tools which are classified as commodities that can be traded on the Commodity Futures Exchange. There are various benefits to boosting the crypto industry, such as increasing domestic investment and preventing capital outflows and will provide protection for consumers and create business certainty. Going forward, we hope to sell and trade crypto assets as basic commodities as well as investment products.“
Excellent Regulation for Market Stability
Indodax, Indonesia’s leading exchange, reported reaching 5,4 million members now, a more than a 100% increase compared to 2021. Oscar Darmawan, founder & CEO of INDODAX, says, “Legalizing a crypto asset in Indonesia is a long journey and is still not fully accomplished, but it is progressing smoothly and showing on a good track. It requires the whole ecosystem to support this movement to bring benefits to the entire industry. I believe Indonesia has the potential to be the leader in blockchain development in Asia”.
Blockbali 2022 Blockchain Conference
Being the leader in international blockchain conferences in Indonesia, Blackarrow Conferences is set to showcase the 5th edition of its flagship BLOCKBALI conference in Bali on the 25th of November. Many governments and industry leaders will be speaking at the conference on 25th Nov in Bali.
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Blockbali 2022 is organized by Blackarrow Conferences, presented by Indodax, and supported by NOBI, ExpandMyBusiness, Tadpole Finance, Degree Crypto & Vexanium. Blockbali conference will connect global blockchain gurus with the Indonesian government & business leaders. Blockbali Conference will discuss the opportunities in blockchain & cryptocurrencies in Indonesia & lay the foundation for Indonesia to become ASEAN’s biggest blockchain market.
