TechFlow reported on October 29, citing Cryptonews, that according to the latest data from Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti), young investors aged 18–30 account for over 60% of the country’s total cryptocurrency investors, with those aged 18–24 making up 26.9% and those aged 25–30 comprising 35.1%. The Indonesia Millennial and Gen Z Report (IMGR) 2024 reveals that 38% of millennials and 41% of Gen Z regularly engage in financial planning.
To address the rapid growth of young investors, Bappebti has extended the compliance deadline for cryptocurrency exchanges to November 2024, requiring them to obtain a Physical Cryptocurrency Trading Business (PFAK) license. Meanwhile, Bappebti has partnered with Binance’s Financial Intelligence Unit (FIU) and Indonesian exchange Tokocrypto to combat crypto fraud, successfully recovering approximately $200,000 in defrauded funds.
Data shows that from January to September 2024, Indonesia’s total cryptocurrency trading volume reached 426.69 trillion Indonesian rupiah (about $27.1 billion), a year-on-year increase of 351.97%. Bappebti Head Ir. Kasan emphasized that enhancing financial literacy among young investors is crucial to avoiding unnecessary financial risks.
