Hashdex partners with BitGo as Bitcoin ETF hopefuls await SEC decisionIn a recent political gathering, Gibran Rakabuming Raka, the current mayor of Surakarta and Indonesian vice presidential candidate, unveiled his commitment to bolstering the nation’s prowess in blockchain and cryptocurrency. The son of Indonesia’s current president, Joko Widodo, outlined a vision to empower the youth with opportunities in the digital industry.
Digital opportunities for the youth
Gibran asserted that his party aims to equip the younger generation with skills crucial for the future, emphasizing the development of talents in blockchain, crypto, and cybersecurity. The 36-year-old politician, selected as the running mate for Indonesia’s defense minister and presidential candidate, Prabowo Subianto, expressed his determination to prepare experts not only in blockchain and crypto but also in artificial intelligence and digital marketing.
Despite Indonesia’s earlier crackdown on crypto payments, it has emerged as a burgeoning hub for Web3 technology in 2023. The government’s stern actions in May against tourists involved in crypto payments, threatening deportation or criminal penalties, contrast with its recent move. On July 21, the country inaugurated its national crypto exchange, signaling a shift in approach.
National crypto exchange launch
The newly established national crypto exchange, monitored by local regulators, is positioned as the sole legal space for digital asset exchange within Indonesia. This strategic move aligns with the government’s broader initiative to embrace blockchain and crypto, fostering a conducive environment for innovation and economic growth.
In the upcoming general elections scheduled for February 14, 2024, Gibran Rakabuming Raka is vying for the vice presidential role, aiming to steer Indonesia towards a digitally empowered future.
This development reflects Indonesia’s evolving attitude towards cryptocurrency, transitioning from strict regulations to actively supporting the growth of blockchain-related skills and technologies. As the nation positions itself as a Web3 technology hub, the pledge made by the vice presidential candidate underscores the recognition of the importance of emerging digital fields in shaping the country’s future.
In conclusion, Indonesia’s political landscape is witnessing a pivotal moment with a prominent figure advocating for the development of blockchain and crypto expertise. The establishment of a national crypto exchange further solidifies the nation’s commitment to embracing the digital revolution while nurturing the talents that will drive its future success.
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