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News Explorer — Crypto Friendly Regime Elected in Indonesia, Could Lead to More Blockchain Development

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Feb 14, 3:30 pm
Coindesk

Crypto Friendly Regime Elected in Indonesia, Could Lead to More Blockchain Development

Former defense minister Prabowo Subianto and his pro-crypto running mate, Gibran Rakabuming Raka, have been chosen as Indonesia's next president and vice president, winning nearly 60% of the votes. This could mean the continuation of Indonesia's crypto-friendly policies, as the current president, Joko Widodo, has supported the local interest in crypto to boost the economy. Prabowo and Gibran have expressed their intention to tighten supervision of tax compliance among stock and crypto traders and support the development of young experts in blockchain and cryptocurrency.

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