Since early 2021, with the help of the NFT boom, the adoption of blockchain and crypto has evolved significantly. In 2021 we saw a lot of traditional “web2” companies rushing to ride the web3 wave by developing their own NFT…
Web3 and crypto projects, which use decentralized technologies like blockchain and cryptocurrencies as a means of exchange, are gaining traction in Indonesia. The number of blockchain wallet users in Indonesia has been steadily increasing, reaching over 4 million in 2020,…
As a region with many emerging markets, a common trend among Southeast Asian countries is for regulations to frequently shift and evolve. As a relatively new industry, crypto is no exception. Below, we’ll outline a general idea of the current…
The Indonesian Ministry of Trade (Kemendag) celebrates February as the Crypto Asset Literacy Month. The aim of this program is to educate the wider public on the rapidly growing crypto asset trading industry in Indonesia. As a member of Asosiasi Blockchain…
There is a global drive for a cashless economy, especially in evolving markets like Southeast Asia. Many Southeast Asian countries are currently conducting projects relating to adopting cryptocurrencies, blockchain, or digital currencies to make their transactions more economic or convenient.…
Indonesia is the largest digital economy in Southeast Asia, valued at over $77 billion in 2022 and projected to reach over $130 billion by 2025. While many challenges remain, the overall trend bodes well for the increasing growth of Indonesia’s digital economy,…
During 2022, Indonesia faced the challenges in the cryptocurrency market as it entered a period of downturn, aka Crypto Winter. Despite this, Indonesia emerged as the third highest adopter of cryptocurrencies globally, according to the Indonesian Blockchain Association. The country…
Indonesia Web3 Landscape and Crypto Outlook 2022 were officially released today by the Indonesian Blockchain Association (A-B-I) and Indonesia Crypto Network (ICN). The blockchain and crypto assets ecosystem are growing significantly from year to year. This is evidenced by the many blockchain-based…
As the largest population in Southeast Asia and one of the top emerging markets in the world, Indonesia is becoming more and more favorable to invest in. One attractive sector is its digital economy, with online spending in Indonesia projected to double…
Indonesia’s crypto scene, the numbers From 2020 to 2021 Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of IDR 60T ($4.1bio)…