Indonesian VP Candidate Pledges to Foster 'Crypto Experts' Ahead of Election

• Gibran Rakabuming Raka, Vice Presidential Candidate, Promises to Foster Blockchain and Crypto Expertise in Indonesia
• Indonesia's Future Crypto and Tech Industry
• Indonesia's Stance in the Worldwide Crypto Adoption
• The Potential Impact on the Upcoming Election

Gibran Rakabuming Raka, Vice Presidential Candidate, Promises to Foster Blockchain and Crypto Expertise in Indonesia

Indonesian vice presidential candidate, Gibran Rakabuming Raka, has expressed his intention to cultivate a generation of crypto and blockchain experts in Indonesia. Gibran, who is the eldest son of the current president, Joko Widodo, made this announcement during a recent political event. His strategy includes enhancing tech education across the country to create numerous opportunities for the youth in the digital asset industry.

Indonesia's Future Crypto and Tech Industry

During his speech at a political meeting held on December 10, Gibran reportedly stated, We are preparing blockchain experts, we are preparing cyber security experts, we are preparing crypto experts. This reflects his broader ambition of placing Indonesia at the forefront of the global digital revolution.

Indonesia's Stance in the Worldwide Crypto Adoption

Indonesia's fast-growing crypto adoption places the country seventh in Chainalysis' 2023 global crypto adoption index, signifying the nation's significant role not only in Southeast Asia but in the world. With an estimated 18 million crypto investors, and a robust industry association functioning as a self-regulatory body, Indonesia has become a hub for digital currency. Seizing this momentum, the current government has made efforts to exploit the burgeoning interest in crypto as a means to generate revenue and stimulate interest in the country, even establishing a local stock market for crypto assets.

The Potential Impact on the Upcoming Election

Gibran's mention of crypto is quite significant, as it opens up the possibility for other candidates to discuss the topic in the upcoming political debate scheduled for February 4. The current polls suggest that Prabowo Subianto, the presidential candidate who chose Gibran as his running mate, and Gibran himself are leading the election race. Their interest in the sector could potentially influence other candidates' approach to the topic.

The presidential election, which is much-anticipated for its potential impact on the country's digital asset industry, is set to commence on February 14.

Edited by Jonathan Stoker