Beyond The US, Indonesia Seeks to Support Cryptocurrency Development

The global cryptocurrency market is experiencing significant excitement, fueled by supportive national policies aimed at fostering the ecosystem’s development. Leading this trend is the United States. Indonesia also striving to implement pro-cryptocurrency policies.

This recent enthusiasm in crypto assets was marked by Bitcoin (BTC) breaking its price record on Thursday, May 22, 2025, nearly reaching $112,000 . According to Subani, President Director of the Indonesian Crypto Bourse, PT Central Financial X (CFX), this surge in Bitcoin’s price was primarily driven by increasing demand from institutional investors and advancements in crypto asset regulation within the United States.

Source: Kompas