VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

VOINews, Jakarta - Secretary of the Commodities Futures Trading Regulatory Agency (Bappebti), Olvy Adrianita, has invited young people to contribute to the economy by investing in crypto assets.

"Let's bolster the economy and digitalization through crypto, make domestic products competitive in the global market. We must (invest) in one platform to build the economy," she said at the opening of the Degree Crypto Token Business Center in Solo, Central Java, on Wednesday.

Trade not only in the form of goods, but also in the form of crypto assets can help improve the Indonesian economy, she explained.

Therefore, millennials and Generation Z are expected to become crypto players in the future.

For that, good literacy regarding crypto is important as it often promises high returns, but comes with high risks, she highlighted.

People also need to be careful with illegal crypto assets, she added.

"This is a high-risk trade so people have to be very careful. They have to understand the business process very well. Please choose the licensed ones by checking (the companies) on the Bappebti website," she said.

Currently, there are 28 crypto asset trading companies that have obtained licenses from Bappebti.

Based on a survey conducted by the Center of Economic Law Studies (CELIOS), in terms of investment instruments owned by Indonesians, crypto assets rank third.

Mutual funds rank first at 29.8 percent and stocks are next at 21.7 percent.

At least 21 percent of the survey's respondents said they had invested in crypto assets.

The average investment ranged from Rp500 thousand to Rp1 million. However, total crypto asset transactions reached Rp306.4 trillion (US$20.3 billion) in 2022.

The government and related institutions are striving to create a conducive environment for the growth of the crypto market.

Both Bappebti and the Financial Services Authority (OJK) have continued to regulate policies that support and protect investors. (Antaranews)