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Crypto investment in Indonesia is predicted to become increasingly successful in 2024, here's why

Liputan6.com, Jakarta – Investment in crypto assets is considered to continue to grow this year. Considering a number of regulatory supports for international crypto developments.

Tokocrypto CEO Yudhowo Rawis assesses that the prospects for the crypto market in 2024 look quite optimistic with various supporting factors. Wider acceptance from regulators in various countries and increasing adoption from traditional financial institutions provide a strong foundation for further growth.

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“Technological innovation in blockchain and Decentralized Finance (DeFi) also continues to develop, opening up new opportunities for the crypto market,” said Yudho in his statement, Sunday (2/6/2024).

“Overall, the crypto market in Indonesia is showing very positive developments with large growth potential in 2024,” he added.

He said, with the support of better regulations and increasing adoption, the crypto industry in Indonesia is predicted to reach new heights and become an important player in Southeast Asia.

Even so, challenges remain. Crypto price volatility is still a major concern for many investors.

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“Apart from that, security issues, money laundering and fraud in the crypto world also need to be addressed to maintain investor confidence,” he stressed.

According to him, the positive trend this time is also supported by several important developments in the global market. The approval of spot Bitcoin ETFs and Ethereum ETFs in the United States as well as BTC and ETH ETP (exchange-traded products) trading on the London Stock Exchange mark significant steps in the adoption of crypto assets by traditional financial institutions.

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Crypto investment in Indonesia is predicted to become increasingly successful in 2024, here's why

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