Indonesian vice presidential candidate vows to prepare blockchain and crypto experts

Indonesia has had a love-hate relationship with digital assets, cracking down on crypto payments while launching its national crypto exchange in the same year.
Indonesia has had a love-hate relationship with digital assets, cracking down on crypto payments while launching its national crypto exchange in the same year.

Indonesian vice presidential candidate Gibran Rakabuming Raka has promised a push to strengthen the country’s talent in blockchain and crypto to provide more opportunities for its youth. 

Gibran, the current mayor of Surakarta, Indonesia, reportedly said in a political gathering that his party would provide the younger population with opportunities in the digital space. The politician highlighted that it will develop future talents with skills of the future. 

The digital push included venturing into the realm of blockchain and crypto. During the event, Gibran said he would prepare blockchain, crypto and cybersecurity experts. In addition, the candidate also mentioned that he will prepare experts in artificial intelligence and digital marketing. 

Gibran, who is also the eldest son of the current Indonesian president, Joko Widodo, was chosen on Oct. 23 as the running mate of Indonesia’s defense minister and presidential candidate, Prabowo Subianto. The 36-year-old politician is now gunning for the vice presidential role, which will be decided in Indonesia’s general elections scheduled to commence on Feb. 14, 2024. 

Indonesia — a budding hub for Web3 technology — is strengthening its push into crypto in 2023 despite its previous move to ban crypto payments. On May 28, the Indonesian government cracked down on tourists dealing with crypto payments and said that they “will be dealt with firmly,” with punishments like deportation or other criminal penalties. 

Related: SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

On July 21, the country launched its national crypto exchange, which local regulators will monitor. According to the Indonesian government, the platform will be the only space within the country where the exchange of digital assets is legal. 

Magazine: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0: Asia Express