{"id":10720,"date":"2023-11-29T13:50:52","date_gmt":"2023-11-29T13:50:52","guid":{"rendered":"https:\/\/www.fundsspectrum.com\/2023\/11\/29\/coinfest-asia-traces-indonesias-emergence-as-key-global-crypto-player-from-bali-to-blockchain\/"},"modified":"2023-11-29T13:50:52","modified_gmt":"2023-11-29T13:50:52","slug":"coinfest-asia-traces-indonesias-emergence-as-key-global-crypto-player-from-bali-to-blockchain","status":"publish","type":"post","link":"https:\/\/www.fundsspectrum.com\/2023\/11\/29\/coinfest-asia-traces-indonesias-emergence-as-key-global-crypto-player-from-bali-to-blockchain\/","title":{"rendered":"Coinfest Asia Traces Indonesia\u2019s Emergence as Key Global Crypto Player \u2013 From Bali to Blockchain"},"content":{"rendered":"
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JAKARTA, INDONESIA \u2013 Nov 29, 2023 \u2013 (<\/span><\/span><\/b>SeaPRwire<\/span><\/span><\/b><\/a>) \u2013<\/span><\/span><\/b> Today, Coinfest Asia releases the research report on \u2018From Bali to Blockchain \u2013 Indonesia\u2019s Emergence as Key Global Crypto Player\u2019. In the dynamic and ever-evolving space of cryptocurrencies and Web3, Indonesia is rapidly emerging as a significant global player. The nation\u2019s potential over the next five years is particularly striking. According to recent reports from Chainalysis, Indonesia is placed in an impressive 7th position in the 2023 Global Crypto Adoption Index.<\/span><\/span><\/span><\/span><\/p>\n

<\/span><\/span><\/span><\/span><\/p>\n

Indonesia\u2019s crypto market<\/span><\/a><\/span><\/span><\/span><\/u> is dynamic and rapidly evolving with a young, tech-savvy population and a median age of 30, the country is primed for digital innovation.<\/span><\/span><\/span><\/span><\/p>\n

The number of crypto account holders in Indonesia has already surpassed those with stock market accounts to more than 16 million users signaling a robust appetite for digital currency ventures.<\/span><\/span><\/span><\/span><\/p>\n

In a historic move, Indonesia became the first nation to launch its National Crypto Exchange, PT Bursa Komoditi Nusantara, also known as the Commodity Futures Exchange (CFX), in July 2023. Indonesia\u2019s National Crypto Exchange is not aiming to compete directly with global giants like Binance or Coinbase. Instead, it serves as a pricing reference index, similar to the Nasdaq composite for traditional stocks. This distinction is crucial as it highlights the exchange\u2019s unique purpose within the crypto ecosystem.<\/span><\/span><\/span><\/span><\/p>\n

\u201cThe launch of the Commodity Futures Exchange is a strategic move by Indonesia, solidifying its position as a key player in the global crypto market. It underscores ambition, accentuates commitment to innovation, and reflects Indonesia\u2019s dedicated leadership in the transformative era of digital assets, showcasing the nation\u2019s rapid growth in the crypto market,\u201d said Steven Suhadi, Founder of Indonesia Crypto Network.<\/span><\/span><\/span><\/span><\/p>\n

This growth trajectory is significantly influenced by landmark events like <\/a>Coinfest Asia<\/span><\/a><\/span><\/u>, an immersive web3 festival that has become a beacon for crypto enthusiasts and innovators across the globe.<\/span><\/span><\/span><\/span><\/p>\n

Sandiaga Uno, the Minister of Tourism and Creative Economy of the Republic of Indonesia, warmly embraced Coinfest Asia, labeling it as the most significant Web3 festival in Asia. He emphasized that the event serves as evidence of the broader Asian, particularly Indonesian, receptiveness to the development and innovation within the realm of Web3.<\/span><\/span><\/span><\/span><\/p>\n

\u201cI am very excited to anticipate the continued growth and collaboration within the web3 ecosystem of Coinfest Asia which will continue to develop in the years to come,\u201d he said during his speech.<\/span><\/span><\/span><\/span><\/p>\n

Coinfest Asia, held in the picturesque locale of Bali, transcends the traditional boundaries of a crypto conference. It\u2019s an immersive festival celebrating the cutting-edge of Web3 technology, attracting over 6,000 attendees, 200+ speakers, and representation from 2,000 companies from over 60 countries.<\/span><\/span><\/span><\/span><\/p>\n

This event is not just a meeting ground but a melting pot of ideas, innovations, and discussions shaping the future of digital currencies and blockchain technology. The significance of Coinfest Asia in the Indonesian crypto landscape cannot be overstated. It serves as a microcosm of the country\u2019s burgeoning potential in the crypto market. Indonesia, with its vast population and increasing tech-savvy demographic, is rapidly adopting digital currencies. The country\u2019s vibrant startup ecosystem and technological advancements are setting the stage for a crypto revolution.<\/span><\/span><\/span><\/span><\/p>\n

A key driver behind the growth of the Web3 and crypto industry in Indonesia is the progressive and Web3-friendly regulatory environment. The government in this country has recognized the potential of blockchain and decentralized technologies, leading to the development of clear frameworks and guidelines. As of 2023, there are <\/a>32 exchanges<\/span><\/a><\/span><\/u> and <\/a>501 assets<\/span><\/a><\/span><\/u> permitted to be traded in Indonesia.<\/span><\/span><\/span><\/span><\/p>\n

Looking ahead, the Indonesian crypto market, buoyed by the success and influence of Coinfest Asia, is poised for significant growth. The event\u2019s focus on networking, innovation, and the exploration of the future of digital currency aligns seamlessly with the market\u2019s trajectory.<\/span><\/span><\/span><\/span><\/p>\n

As the world watches, Indonesia is set to make a substantial impact in the Web3 and crypto universe, propelled by its commitment to embracing and nurturing these groundbreaking technologies.<\/span><\/span><\/span><\/span><\/p>\n

Social Links<\/span><\/span><\/b><\/span><\/span><\/p>\n

X (former Twitter): https:\/\/twitter.com\/coinfestasia<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Instagram: https:\/\/www.instagram.com\/coinfest.asia\/<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Telegram: https:\/\/t.me\/coinfestasiaofficial<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

LinkedIn: https:\/\/www.linkedin.com\/showcase\/coinfest\/<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Media contact<\/span><\/span><\/b><\/span><\/span><\/p>\n

Brand: Coinfest Asia<\/span><\/span><\/span><\/span><\/p>\n

Contact: Renata S<\/span><\/span><\/span><\/span><\/p>\n

Email: renata@coinfest.asia<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Website: https:\/\/coinfest.asia\/<\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

SOURCE<\/span><\/span><\/b>: Coinfest Asia<\/span><\/span><\/span><\/span><\/p>\n

\u00a0<\/p>\n

The article is provided by a third-party content provider. SeaPRwire ( https:\/\/www.seaprwire.com\/<\/span><\/a><\/span><\/span> ) makes no warranties or representations in connection therewith.<\/span><\/span><\/i><\/span><\/span><\/span><\/p>\n

Sectors: Top Story, Corporate News<\/span><\/span><\/i><\/span><\/span><\/span><\/p>\n

SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in English, Korean, Japanese, Arabic, Simplified Chinese, Traditional Chinese, Vietnamese, Thai, Indonesian, Malay, Germany, Russian, French, Spanish, Porturguese \u2026<\/span><\/span><\/i><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

JAKARTA, INDONESIA \u2013 Nov 29, 2023 \u2013 (SeaPRwire) \u2013 Today, Coinfest Asia releases the research report on \u2018From Bali to Blockchain \u2013 Indonesia\u2019s Emergence as Key Global Crypto Player\u2019. In the dynamic and ever-evolving space of cryptocurrencies and Web3, Indonesia is rapidly emerging as a significant global player. The nation\u2019s potential over the next five […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[],"class_list":["post-10720","post","type-post","status-publish","format-standard","hentry","category-vehement-finance-news-network"],"_links":{"self":[{"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/posts\/10720"}],"collection":[{"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/comments?post=10720"}],"version-history":[{"count":0,"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/posts\/10720\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/media?parent=10720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/categories?post=10720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundsspectrum.com\/wp-json\/wp\/v2\/tags?post=10720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}