Crypto Asset Fever: Between Regulation and Technological Development
The rules issued by CoFTRA on new crypto assets cover trading, while there have been many realizations of derivative products
Over the past year, the trading price of crypto assets recorded a significant upward trend. Bitcoin, for example, is year-to-date as of 19 May 2021, still experiencing a strengthening of more than 40%. Meanwhile, over the past year, it shot up to 320%. This trend has attracted the attention of many Indonesian investors.
The high transaction of crypto assets has made many countries take steps to protect the ecosystem. Globally, Asia has played a significant role in the development of the crypto asset industry over the past decade.
In this region, each country is competing to take part as a hub for crypto and blockchain assets. Based on reports CoinGecko, there were 318 new exchanges or an increase of 706% in the last 18 months.
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