Indonesia’s Election Results May Be Good for Crypto, Industry Watchers Say

The winners of Indonesia’s recent presidential election may ensure consistency for crypto policy in the country, industry watchers say.

Former defense minister Prabowo Subianto and the incumbent president’s son Gibran Rakabuming had 60% of the nation’s votes immediately after polls closed, according to a. These results – finalized last week – mean the ruling party will remain in power, and while crypto industry members are careful not to take sides, they view the election results as a sign that the country’s blockchain strategy could remain unchanged or change for the better.

Indonesia is an enthusiastic crypto adopter and Gibran made a point to mention crypto during his campaign, promising to create blockchain experts in the country.

Source: News Formal (newsformal.com)

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