Local tech leaders in Indonesia are embracing crypto with open arms, and regulators are racing to catch up.
As mentioned above, a large contributing factor to these platforms’ success is their mobile-first strategy, with easily accessible apps. With Indonesia’s internet penetration standing atIndonesia’s crypto community is also growing beyond just exchanges. The Indonesia Blockchain Association, a local consortium and advocacy group for blockchain and cryptocurrencies, has 28 member companies and organizations as of 2022.
MDI is the $830-million venture capital arm of Indonesia’s largest telecommunications company, Telkom Indonesia. MDI’s Binance founder and CEO Changpeng Zhao has expressed his confidence and objectives regarding crypto in Indonesia,
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