#cryptonews
This trend reflects cryptocurrency’s rising popularity as an investment among young Indonesians, who are showing a stronger focus on digital assets. Bappebti’s head, Ir. Kasan, stressed the importance of financial literacy for young investors. “Financial literacy, including an understanding of crypto, is very important,” Kasan stated.
According to the Monday report, 26.9% of Indonesian crypto investors fall between 18-24 years, while 35.1% are aged 25-30.
Additionally, 32% of Millennials and 26% of Gen Z set aside part of their income specifically for investments, underscoring the growing financial awareness and planning among young Indonesians through cryptocurrency and other assets.
The Indonesia Millennial and Gen Z Report (IMGR) 2024 highlights that 38% of Millennials and 41% of Gen Z regularly budget their finances, prioritizing saving and investment.
This extension, effective until late November 2024, is part of Bappebti’s ongoing commitment to investor protection and market integrity under Regulation No. 9 of 2024.
Bappebti extended the compliance deadline for Indonesian crypto exchanges to meet the standards needed for a Physical Crypto Asset Traders (PFAK) license.
This joint operation resulted in multiple arrests and the recovery of approximately $200,000 in fraudulent assets, highlighting Indonesia’s proactive approach to protecting crypto investors.
In recent efforts to combat crypto fraud, Bappebti has partnered with Binance’s Financial Intelligence Unit (FIU) and the Indonesian exchange Tokocrypto to collaborate with Indonesia’s Criminal Investigation Agency, Bareskrim.