Crypto Development Made in Indonesia Is Proud or Even Risky

Lovata Andrean

Crypto Development Made in Indonesia Is Proud or Even Risky
Crypto Development Made in Indonesia Is Proud or Even Risky

Rancakmedia.com - The expansion of the crypto asset industry in this country is very rapid. Not only from the investment side, token makers themselves are also starting to emerge.

Crypto assets in Indonesia are starting to develop, for example the Indonesia Digital Cooperatives (IDM). So is this phenomenon of local crypto formation something to be proud of or is it actually endangering the industry itself?

Chairman of the Indonesian Crypto Asset Trading Association (Aspakrindo) Teguh Kurniawan Harmanda noted that basically the aim of tokenization is to build a new ecosystem that can answer current issues.

Create a token or crypto doesn't cause any problems, then. With Bitcoin and Ethereum, it's clear they're trying to address existing problems rather than relying on one party to do it for them” d'Mentor event took place on Wednesday (11/3/2021).) He made a statement.

Crypto Development Made in Indonesia

But that doesn't mean that more and more tokens or cryptocurrencies being born indicate anything extraordinary. Because according to Teguh, not all cryptocurrencies that are born can set their initial goal, so that the token can be valuable for the community itself.

“Many local coins exist, but their economic value has not been determined. If we talk about creating a token, it takes half an hour. But then whether the economic value of the token exists or not will depend on the facts on the ground. the whole community," he continued.

According to him, the most significant factor in creating cryptocurrency is how the business model is built, not just thinking about creating tokens and selling them to the public.

The difficulty, added Teguh, is that the crypto industry in Indonesia is still quite shaky. If the industry were not well established with so many cryptocurrencies being born flawed, then the industry would probably split before it truly matures.

“It's a difficult situation, and it's up to us to decide whether the crypto industry is going on the right or wrong path. Don't let this create momentum that ultimately ends tragically. Qualifying regulations at last. "developing a bubble within the country because many other countries don't have laws," he said.

Conclusion Regarding the Development of Crypto Made in Indonesia:

Crypto assets made in Indonesia are starting to develop, for example Indonesia Digital Cooperatives (IDM). Many local coins exist, but their economic value has not been determined. Chairman of the Indonesian Crypto Asset Trading Association (Aspakrindo) Teguh Kurniawan Harmanda said the aim of tokenization is to build a new ecosystem that can overcome current problems.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks