Indonesian VP Candidate Supports Blockchain And Crypto Talent Development
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Indonesian VP Candidate Supports Blockchain And Crypto Talent Development

  • Indonesian VP candidate Gibran Rakabuming Raka pledges to boost blockchain and crypto skills for youth, aiming to prepare experts in digital fields like AI and cybersecurity.
  • Despite previous restrictions on crypto payments, Indonesia has become a growing hub for Web3 technology, launching a national crypto exchange as part of its evolving approach.

In a recent political gathering, Gibran Rakabuming Raka, the current mayor of Surakarta and Indonesian vice presidential candidate, unveiled his commitment to bolstering the nation’s prowess in blockchain and cryptocurrency. 

Gibran, who is also the son of Indonesia’s current president, Joko Widodo, outlined a vision to empower the youth with opportunities in the digital industry.

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Digital Opportunities For The Youth

Gibran asserted that his party aims to equip the younger generation with skills crucial for the future, emphasizing the development of talents in blockchain, crypto, and cybersecurity. 

The 36-year-old politician, selected as the running mate for Indonesia’s defense minister and presidential candidate, Prabowo Subianto, expressed his determination to prepare experts not only in blockchain and crypto but also in artificial intelligence and digital marketing.

Despite Indonesia’s earlier crackdown on crypto payments, it has emerged as a burgeoning hub for Web3 technology in 2023. The government’s stern actions in May against tourists involved in crypto payments, threatening deportation or criminal penalties, contrast with its recent move. 

On July 21, the country inaugurated its national crypto exchange, signaling a shift in approach.

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National Crypto Exchange Launch

The newly established national crypto exchange, monitored by local regulators, is positioned as the sole legal space for digital asset exchange within Indonesia. 

This strategic move aligns with the government’s broader initiative to embrace blockchain and crypto, fostering a conducive environment for innovation and economic growth.

In the upcoming general elections scheduled for February 14, 2024, Gibran Rakabuming Raka is vying for the vice presidential role, aiming to steer Indonesia towards a digitally empowered future.

This development reflects Indonesia’s evolving attitude towards cryptocurrency, transitioning from strict regulations to actively supporting the growth of blockchain-related skills and technologies. 

As the nation positions itself as a Web3 technology hub, the pledge made by the vice presidential candidate underscores the recognition of the importance of emerging digital fields in shaping the country’s future.

In conclusion, Indonesia’s political landscape is witnessing a pivotal moment with a prominent figure advocating for the development of blockchain and crypto expertise. 

The establishment of a national crypto exchange further solidifies the nation’s commitment to embracing the digital revolution while nurturing the talents that will drive its future success.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.