Crypto transactions could triple in 2022: Trade Ministry

Deputy Trade Minister Jerry Sambuaga speaks on Jan. 23, 2022 at an event in Bali hosted by the Tokocrypto crypto exchange.(Courtesy of Tokocrypto/-)

The Trade Ministry says the domestic crypto assets market could triple to around Rp 2.5 quadrillion (US$180 billion) in transactional value this year as more Indonesians become aware of digital assets. Deputy Trade Minister Jerry Sambuaga said crypto transactions would double or triple this year from a total value of Rp 859 trillion in 2021, when it increased 14-fold from Rp 60 trillion in 2020. “But I am sure transactions will grow further this year, seeing that people are becoming more aware of blockchain, crypto assets and non-fungible tokens [NFTs],” he told reporters on Friday at an event hosted by homegrown crypto exchange Tokocrypto.

https://www.thejakartapost.com/business/2022/01/24/crypto-transactions-could-triple-in-2022-trade-ministry.html

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