๐ฎ๐ฉ Indonesia's presidential election in February 2024 saw a victory for Prabowo Subianto and Gibran Rakabuming, perceived as supporters of the cryptocurrency industry.
๐ Key industry figures like Subani from CFX and William Sutanto of INDODAX anticipate positive impacts on the country's crypto sector under the new administration.
๐ Subianto pledges to tighten regulations to combat tax evasion, while Rakabuming aims to cultivate blockchain expertise among the youth.
๐ค Both leaders are committed to fostering the cryptocurrency environment, with their intentions reaffirmed after being declared winners by the electoral commission on April 25.
๐ก There's an expectation that the new government will uphold or improve existing crypto-friendly policies.
๐ Sutanto highlights Rakabuming's potential to drive innovation in the blockchain and cryptocurrency sectors, given his appeal to the younger generation and strategic planning capabilities.
๐ Indonesia, while not leading in transaction volumes, has witnessed significant growth in registered crypto users under President Joko Widodo, laying a promising groundwork for the new leadership to elevate the country's position in the regional crypto market.
