Indonesia’s Crypto industry in 2022, what do you know about it? Some of Indonesia’s most well-known celebrities have helped raise awareness of digital assets. Between 2020 and 2022. Cryptocurrency investments in Indonesia grew significantly, with 4% of the country’s population putting money into digital currency. According to Indonesia’s Commodity Futures Trading Regulatory Agency, Crypto transaction volumes in 2021 would exceed $34 billion. This rise has resulted in a shift in public perception of Cryptocurrency investing, particularly among the mainstream media. The engagement of Indonesian celebrities and influencers illustrates Cryptocurrency’s rising appeal in the mainstream. Stay with Antidolos IEO rating and review for more information. Indonesia Crypto industry in 2022 celebrities and influencers appear to have gotten significantly more interested in the country’s Crypto investing business. Many people have volunteered to be brand ambassadors for exchanges and Crypto projects to help market them and, as a result, increase trade volume. Given celebrities’ inextricable presence in advertising and branding, the participation of individuals such as Joe Taslim, an Indonesian actor who has gone global, and Indonesian models and actresses Jessica Iskandar and Shandy Aulia may not be surprising. The popularity of celebrity tokens had exploded, mainly when one of Indonesia’s most well-known artists, Anang Hermansyah, produced his own. As of Feb 2022, three tokens have gone viral in Indonesia: VGC (VCG), Asix (ASIX), and I-Coin (ICN). Thanks to a collaboration with RANS Entertainment, VCG became viral. Raffi Ahmad and Nagita Slavina, a married couple who are well-known movie stars and business figures in Indonesia and recently named the Sultans of Contents by Forbes Indonesia, own this company. The names of the celebrities who support them and their marketing staff have helped their token go viral, causing a lot of FOMO among Indonesia’s beginner investors. But, long before them, an influencer named Indra Kenz started the practice by creating his token. In 2021, BOTX, an Ethereum-based project that aims to create a decentralized social trading platform, will start. BOTX is Indonesia’s first celebrity token, intending to become the country’s first decentralized crypto copy trading platform. After its inception, influencers appeared to pay greater attention to the developing Blockchain and Crypto movement. As a result of the trend, many influencers have begun to discuss Cryptocurrencies on their social media accounts. When this happened, nonfungible tokens (NFTs) became quite popular in Indonesia, especially when the Indonesian NFT collection named “Ghozali every day” became worldwide renowned because it was distinct. Influencers and celebrities have begun to launch their NFT and cryptocurrency ventures due to the increasing crypto and NFT trends. Syahrini, an Indonesian musician and socialite was one Indonesian celebrity that established their own NFT Projects and became viral internationally in the Indonesia Crypto industry in 2022. Under the nickname Princess Syahrini, she created an NFT collection and sold it on Binance’s NFT marketplace. Her NFT group, “Syahrini’s Metaverse Tour,” was believed to have sold out in just eight hours. Luna Maya, an actress, model, and singer, is another well-known personality in Indonesia’s entertainment sector who has launched her own NFT initiative. She collaborated with Tokau, a Japanese art firm with NFT production experience, to launch her collection of only ten NFTs. Her collection was sold on the BakerySwap NFT Marketplace and received a lot of positive feedback, especially from Binance CEO Changpeng Zhao. More celebrities in Indonesia explored, promoted, and created their own NFT ventures, continuing the trend. Actor Brandon Salim, famous Indonesian chef Arnold Poernomo, and influencer Jejouw are three recent examples of Indonesian influencers and celebrities backing NFT ventures. With the rising excitement of celebrities starting their NFT and Crypto businesses, regulators are moving in to protect investors. The Commodity Futures Trading Regulatory Agency, commonly known as BAPPEBTI. Is currently sending warnings to celebrities to have their projects authorized in the Indonesia legal Crypto-list before promoting them. BAPPEBTI wants investors to know that purchasing or trading celebrity-created tokens are illegal in Indonesia. The warning stems from a Twitter discussion that began when new investors began investing infamous celebrity tokens: New Crypto assets intended for trading in Indonesia should be registered under BAPPEBTI through Indonesian Crypto exchanges so that Indonesian authorities may assess them. As a result, Crypto-assets that do not appear on BAPPEBTI’s list of legitimate Crypto assets are prohibited from being traded in Indonesia. Because most of the illicit Cryptocurrencies are in discussions with BAPPEBTI. They have not been punished or given any punishments yet. BAPPEBTI is open to new Crypto being legal in Indonesia as long as it complies with the necessary rules and processes to become legal and overseen by the agency. There is no mention of the government banning these tokens but rather an invitation for them to be classified as a legal commodity in the Indonesia Crypto industry in 2022. BAPPEBTI has also collaborated with its committees. Such as the Indonesia Blockchain Association, to improve the Crypto ecosystem in Indonesia. Particularly in light of the emergence of celebrity tokens. Coinvestasi obtained a response from the committee, as mentioned earlier, on celebrity tokens. The chairperson of the Indonesia Blockchain Association made the statement explicitly. This declaration makes it apparent that the Indonesian government wants Cryptocurrency investors and innovators the best. To summarize, Indonesia’s government welcomes the development of Cryptocurrencies as long as it is controlled and secure. Indonesia’s Crypto scene has increased due to the trend of celebrities and influencers teaming together to build and promote Crypto initiatives. The growth has been exponential, with transaction volumes increasing by more than 100 percent since 2020, thanks mainly to retail investors. Institutions also became interested, as evidenced by their participation in Blockchain or Crypto-related project funding and investment. Sinar Mas, a prominent business conglomerate, backed the launch of NanoByte (NBT), a new Cryptocurrency with Tokocrypto as a partner. An exchange producing a coin named NanoByte aims to connect with Indonesia’s fiat payment system. Including E-money and credit cards. This makes it easier for investors and holders of NBT to use their Crypto wallets. BRI Ventures, the venture arm of one of Indonesia’s central government-owned banks, launched an accelerator to help Indonesian Blockchain firms expand internationally. These projects may spark a chain reaction among Indonesian financial institutions to invest in the Blockchain or Cryptocurrency. However, this puts pressure on regulators to adopt new policies to help Indonesia keep up with the rest of the world. Do you interested in this kind of news? We aim for continuous improvement in our work while ensuring excellent professionalism. We know you have friends who like to check Latest Blockchain News. So, invite them here. We’ll continue to do our best by providing safe and reliable media for all everyone. To conclude, do not forget that you are welcome to check the best Crypto analysis on Antidolos Media.
Crypto adoption among celebrities
Celebrities launching their own digital money
Celebrity NFT projects for Indonesia Crypto industry in 2022
Government response to Indonesia Crypto industry in 2022
Growing Crypto adoption in Indonesia Crypto industry in 2022
Conclusion about Indonesia Crypto industry
References:
https://cointelegraph.com/news/celebrity-tokens…
https://uk.advfn.com/stock-market/COIN/BTCUSD/crypto…
https://globalonlinemony.com/signs…
https://headtopics.com/us/celebrity-tokens-signs…
Celebrity tokens: Indonesia Crypto industry in 2022
15 comments
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