At a recent political event, Gibran Rakabuming Raka, the current mayor of Surakarta and vice-presidential candidate in Indonesia, announced his dedication to enhancing the country’s expertise in blockchain and cryptocurrency. As the son of President Joko Widodo, he laid out a vision to empower youth with opportunities in the digital industry.
Youth Empowerment Through Digital Opportunities
Gibran affirmed his party’s commitment to equipping the younger generation with skills vital for the future, with a focus on developing talents in blockchain, crypto, and cybersecurity. As the 36-year-old running mate for Indonesia’s defense minister and presidential candidate, Prabowo Subianto, he expressed determination to nurture expertise not only in blockchain and crypto but also in artificial intelligence and digital marketing.Despite Indonesia’s earlier crackdown on crypto payments, the country has emerged as a growing hub for Web3 technology in 2023. The government’s strict actions in May against tourists involved in crypto payments, threatening deportation or criminal penalties, stand in contrast with its recent move. On July 21, the nation inaugurated its national crypto exchange, signaling a shift in approach.
The Launching of National Crypto Exchange
The recently established national crypto exchange, under local regulatory supervision, serves as the exclusive legal platform for digital asset exchange in Indonesia. This strategic decision aligns with the government’s broader initiative to embrace blockchain and crypto, creating a favorable environment for innovation and economic growth.
In the upcoming general elections on February 14, 2024, Gibran Rakabuming Raka is contending for the vice presidential role, with a vision to lead Indonesia into a digitally empowered future.
This development mirrors Indonesia’s evolving stance on cryptocurrency, transitioning from stringent regulations to actively supporting the growth of blockchain-related skills and technologies. As the nation positions itself as a hub for Web3 technology, the vice presidential candidate’s commitment underscores the recognition of the importance of emerging digital fields in shaping the country’s future.
In summary, Indonesia’s political landscape is undergoing a pivotal moment with a prominent figure advocating for the development of blockchain and crypto expertise. The establishment of a national crypto exchange solidifies the nation’s dedication to embracing the digital revolution while nurturing the talents that will drive its future success.
