[Press Release] Crypto Industry Ready to Face Demographic Bonus

Press Release, November 16, 2023

Crypto Industry Ready to Face Demographic Bonus

Jakarta, November 16, 2023 – Data from the Central Statistics Agency (BPS) in 2022 explains that from 2012 to 2035, Indonesia is expected to enter a demographic bonus phase with the peak period between 2020-2030*. This is indicated by the number of productive-age population reaching twice the number of children and elderly populations.

Plt Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti) Kasan berbincang dengan Presiden Direktur CFX Indonesia Subani pada saat mengunjungi kantor CFX Indonesia, Rabu (8/11/2023).

The presence of cryptocurrency as one of the direct investment options is attracting the interest of young people to invest. Data from the Commodity Futures Trading Regulatory Agency (Bappebti) reveals that the demographic of crypto asset customers in Indonesia in 2022 is dominated by the younger generation in the age range of 18-24 years (28.2%) and 25-30 years (28.5%)**.

This means that more than 50% of crypto asset enthusiasts are young people under the age of 30. Interestingly, for the student/college student profession group (23.5%), it is one of the most dominant backgrounds among crypto asset investors in Indonesia.

During his visit to the CFX Indonesia office on Wednesday (8/11/2023), Implementing Officer of the Commodity Futures Trading Regulatory Agency (Bappebti) Kasan stated that with a complete ecosystem in the crypto industry in Indonesia, it is expected to strengthen protection for the public as customers and provide business certainty.

In addition, this ecosystem can accommodate the need for literacy and education for the community, especially the younger generation, in facing the demographic bonus. “The movement of the crypto industry is very dynamic, and it is faced with a demographic bonus. So, with the presence of a complete ecosystem for the crypto industry, it can regulate the crypto market for the better,” he said.

Plt Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti) Kasan berbincang dengan Presiden Direktur CFX Indonesia Subani pada saat mengunjungi kantor CFX Indonesia, Rabu (8/11/2023).

On this occasion, the President Director of CFX Indonesia, Subani, said that the crypto exchange is continuously conducting socialization to increase literacy and inclusion in the Indonesian capital market to the public.

“Our role is to oversee traders and systems that interact with buyers, monitored and supervised from upstream to downstream.  The exchange also becomes a center of information to educate the public. It is the main task of the exchange to reach the wider public to understand the crypto market,” he explained.

Furthermore, Subani assesses that the demographic bonus will have a tremendous impact, so what we already have now will potentially increase even more.

“CFX has various high expectations to attract the interest of young investors to enter and participate in the crypto asset market, especially Gen-Z. CFX will strive to be an attractive solution for young investors who want to engage in the crypto asset market in a safe, transparent, and orderly manner,” he concluded.

^[*] Data Source: BPS 2022

^[**] Data Source: Bappebti

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About CFX Indonesia

CFX is the prominent Indonesian-regulated crypto asset bourse playing a vital role in facilitating the growth and development of the digital asset market in Indonesia, we are commited to the highest standards of compliance, bolstering investor protection through monitoring Indonesian-based crypto exchanges, and introducing innovative products in broader digital assets businesses by providing the highest standards of security and transparency to enhance Indonesia’s crypto ecosystem.

CFX Indonesia

Commodity Square Jl. Gatot Subroto No.35-36, Lantai 8 RT.6/RW.3, Kuningan, Kuningan Tim., Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12950

Website : www.cfx.co.id

Further Information:
Krizia Putri Kinanti
Public Relations
krizia.kinanti@cfx.co.id