Indonesia, the second largest crypto adopter without legality.

[Al-e_x]

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

[aryaadikariyansyahsuwarto]

I think this survey is a bit true, because Indonesia is indeed an average bitcoin investor invests in bitcoin, but it is only for the middle class and above, the lower classes cannot recognize bitcoin, not to invest, to follow the development of bitcoin is rather difficult, because indeed they have limitations on that.

[rodskee]

That is true i heard that indian government not agree for cryptocurrency
But government they their people to careful using bitcoin becuase of the risk
But they didn't not bitcoin treated as egal currency

[setialovers]

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

I am indonesian and i am believe that survey is true. Many people having knowledge about cryptocurrency and many of them investing their money into cryptocurrency market. I think its great but like others country, we can use bitcoin for payment in merchant because againts regulation but we have a local exchanger

[Jating]

Any link though?

63% is huge number but https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Indonesia, says that their Central Bank ssued a regulation banning the use of cryptocurrencies including bitcoin. So I was surprised by the statistics. Anyhow, Asian region is really taking the lead about crypto adoption and I wouldn't be surprised that in 2-5 years crypto will be widely accepted either as cross-border payments or micro payments schemes.

[Indrawan77]

I believe crypto could be making people's life become better, especially in developing countries, bitcoin ever make a huge publicity, the President and the Minister ever mention about crypto, the unemployment rate in Indonesia is quite high and we know how crypto could be the source of income, so crypto are pretty popular in Indonesia

[cissrawk]

63% is huge number but https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Indonesia, says that their Central Bank ssued a regulation banning the use of cryptocurrencies including bitcoin.

Not banned, im indonesia and you can still do trading with bitcoin or atleast as commodities as far as i know.
But yeah 63% its quite high tho..

[zeingrind777]

I think it's true. The Indonesian archipelago has a population of 265 million. And even technology and information there are growing. No wonder if Indonesian people adopt Bitcoin and cryptocurrencies. Even without the legality of the state, people in Indonesia really understand how to manage the economy for themselves

[elisabetheva]

Seeing the results of the survey, I feel that maybe the percentage will not be that big. Indeed, there are already many who know that is something that cannot be denied. If the question of the most desirable investment products, it is clear that it is very desirable and many feel that it is the safest.

[aSipueov32]

legality is the most populer bitcoin causes many country

[biskitop]

I was just surprised by your article that mentions South Africa mark number 1 with 70%. sorry beforehand, because this is indeed the fact that Africa is experiencing a crisis, both economic and their resources. but they actually adopted crypto with precentage number 1 in the world's. we have to believe that, and crypto can really help them in terms of investment and bus help their economy even better.

[jhayness18]

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

I think in any reason being a one country that considered a largest crypto adopter is actually not a big deal instead let it considered as a good news for this field because it is prove that the crypto world are now much enhance and better and meet its fully adaptation in a lot of country all over the world. Let us be happy for that because in that way, the more success of cryptosystem in the future will coming soon. more adaptation and legalization will result and credit to this system therefore more people will be much enjoy to the opportunities and benefits that it can give to us as a investors and crypto holders. 

[blocklancer8]

it seems true, that the Indonesian population began to realize the importance of bitcoin in the development of today. Still need to continue to preach this bitcoin platform to all circles, because certain circles still do not understand about this technology.

[pooya87]

first of all a survey saying a certain percentage of people "know" about bitcoin doesn't mean they have also adopted it. it just means they know it exists because they have heard about it in the media or something like that.

secondly there is not much difference between 63% and 70% because there is always a big tolerance for mistake in these percentages because of the way they are conducted.

and your last statement saying they own bitcoin is wrong because if that high a percentage of the population of a country owned bitcoin then price should have been a lot higher than this.

[Text]

It would be better if OP add to post the source link so we can view it by ourselves. Well, I may agree and because as I observe, Indonesians easily adapted current trends like of this cryptocurrency. No doubt, bitcoin has been already populazired by then and continue to develop, more and more people will get engage in crypto community to enhance financial industry.

[ShowOff]

For now i still don't care bitcoin legal or not in my country. As long government let people to have it, already enough for me. Maybe wait for other countries to legalize bitcoin and then my government will legalize bitcoin too.

[Kakmakr]

63% is huge number but https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Indonesia, says that their Central Bank ssued a regulation banning the use of cryptocurrencies including bitcoin.

Not banned, im indonesia and you can still do trading with bitcoin or atleast as commodities as far as i know.
But yeah 63% its quite high tho..

Yes, governments that do not acknowledge Bitcoin as a currency, is not banning Bitcoin. Most governments just acknowledge it as a commodity, because they do not want any competition for their own local reserve fiat currency.

Even if they banned it, it will not be stopped, because Bitcoin can still operate in a country where it is banned. China has done everything in their power to make it difficult for people to use Bitcoin and it is still flourishing. 

[pedangrusak]

I feel proud of being an Indonesian who has the second largest percentage of crypto holders even though our country still prohibits crypto as a digital currency, but hopefully the country knows this percentage value and considers the desire of its people to crypto and give them more room to work

[daarul50]

It is only natural that Indonesia is the second largest country to adopt crypto because of its large population and Indonesia occupies the fourth position in the largest population. Besides that, Indonesia has the opportunity to be a suitable country to be used as bitcoin marketing.

[1993jochico]

Kudos to the community of indonesians, I believe the survey because even if we just base in this forum we see a lot of indonesians here and most of them are very active and has good knowledge in the crypto technology.