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News on January 22nd: According to CoinDesk, the upcoming presidential election in Indonesia, set to begin on February 14th, may have a decisive impact on the country's thriving cryptocurrency industry. While the current president Joko Widodo (Jokowi) had plans to launch a global cryptocurrency initiative in Indonesia and even established the world's first digital asset exchange, the next leadership may not be as enthusiastic about this sector.
Candidates in the election have varying positions on cryptocurrency, and their comments provide clues to the future direction of the industry. For example, presidential candidate Anies Baswedan and vice presidential candidate Muhamad Ihsanuddin, while relatively silent on cryptocurrency affairs, represent the opposition and plan to reform existing policies, which could affect the crypto industry. In 2022, Ihsanuddin proposed taxing crypto transactions to increase national revenue and called for stricter regulations.
Another pair of candidates, presidential candidate Ganjar Pranowo and his running mate Mahfud MD, did not discuss cryptocurrencies during the campaign. However, during the prevalence of non-fungible tokens (NFTs) in 2022, Ganjar, who was the governor of Central Java at the time, expressed appreciation for the creativity of NFTs.
The candidate most actively discussing cryptocurrencies is Gibran Rakabuming Raka, the running mate of the current Minister of Defense Prabowo Subianto and the son of President Jokowi. Gibran supports digitization, especially blockchain and cryptocurrencies. In December of last year, he expressed a desire to cultivate blockchain and crypto experts to improve Indonesia's technological sector and reiterated this point during the second official presidential candidate debate. Prabowo also stated that his administration would strengthen supervision of tax compliance for stock and crypto traders to combat tax evasion. |
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Post time 6-2-2024 21:21:05