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CoFTRA Reminds Investors to Prioritize Research Before Crypto Investment

Previously, the Ministry of Trade through the Commodity Futures Trading Supervisory Agency (Bappebti) continued to increase crypto asset literacy, this time for students and the stand-up comedy community in Surabaya for two days, 17-18 May 2024.

This activity aims to provide understanding regarding crypto to the younger generation. This is because as many as 23.7 percent of crypto asset customers in 2023 will come from students.

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“Crypto asset literacy this time was carried out among students and the solo comedy community in Surabaya. “The series of activities began with a solo comedy competition followed by crypto asset literacy which was presented in the form of a public lecture at Airlangga University (Unair) the following day,” said CoFTRA Secretary Olvy Andrianita, in his statement, quoted Wednesday (22/5/2024).

He explained that crypto asset literacy activities in Surabaya are one of the agendas for Crypto Literacy Month (BLK) 2024. This activity is a collaboration between Bappebti and PT Pintu Kemana Saja (PINTU), Unair, and the solo comedy community Stand-Up Indo Surabaya.

“We appreciate the crypto asset literacy activities in Surabaya. It is hoped that this activity can broaden the knowledge of the younger generation so that they can quickly adapt to developments in technology and information. “Because strengthening the economy and trade will not be separated from technological developments, including crypto assets,” said Olvy.

Increasingly popular

Olvy said that crypto asset trading in Indonesia has become increasingly widespread since the publication of Minister of Trade Regulation Number 99 of 2018 concerning General Policy for Implementing Crypto Asset Futures Trading.

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Minister of Trade Regulation 99/2018 was then reduced to technical regulations, including CoFTRA Regulation (Perba) Number 13 of 2022 concerning Amendments to Regulation Number 8 of 2021 concerning Guidelines for Organizing Physical Market Trading in Crypto Assets on the Futures Exchange.

CoFTRA Reminds Investors to Prioritize Research Before Crypto Investment

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