'Investing is Understanding, Not Speculating' Says Minister in Blockchain Event

Translator

Ricky Mohammad Nugraha

Editor

Petir Garda Bhwana

Rabu, 23 Februari 2022 13:06 WIB

Sandiaga Uno. Photo: Instagram @sandiuno.

TEMPO.CO, Jakarta - The Tourism and Creative Economy Minister Sandiaga Uno in attending the Bali Blockchain Conference on Tuesday expressed hope for the conference to establish business opportunities from the development of the digital economy, which he believes will be able to boost the creative economy MSMEs.

"Bali Blockchain opens up opportunities for us to bridge, not only for the upper middle class, but MSMEs with blockchain technology to participate," said the Minister at the event held in Nusa Dua, Bali, on February 22, Antaranews reported.

However, he advised people to study and understand what they intend to invest in and avert from speculating, which is why he believes is where the government’s role comes into the picture to disseminate and educate the public about blockchain and its instruments, such as cryptocurrency.

“There is the aspect of speculation sometimes, but I often remind people that investments are not about speculation. Investing is discerning the new technology,” he said. “The government is present to support and educate people on the opportunities and risks [in blockchain].”

Read: Indodax CEO Explains Bitcoin Transaction Surge in Indonesia

ANTARA



Related News

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

7 jam lalu

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

Bahlil will accelerate the facilitation of investment to achieve sugar and bioethanol self-sufficiency

Read More

EU Delegation Visit IKN to Explore Investment Opportunities, Authority Says

7 jam lalu

EU Delegation Visit IKN to Explore Investment Opportunities, Authority Says

IKN Authority deputy head claims that investment opportunities in IKN are attracting European attention.

Read More

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

1 hari lalu

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

IKN Authority said it had received three letters of intent (Lol) from three Malaysian private companies.

Read More

Today's Top 3 News: Microsoft's Promises Behind Jumbo Investments for Indonesia

2 hari lalu

Today's Top 3 News: Microsoft's Promises Behind Jumbo Investments for Indonesia

Here is the list of the top 3 news on Tempo English today.

Read More

Microsoft's Promises Behind Jumbo Investments for Indonesia

2 hari lalu

Microsoft's Promises Behind Jumbo Investments for Indonesia

Microsoft is confirmed to invest in Indonesia over the next 4 years, with a focus on developing artificial intelligence (AI) and cloud computing.

Read More

Jokowi Discusses Huge Investments in AI with Microsoft CEO

3 hari lalu

Jokowi Discusses Huge Investments in AI with Microsoft CEO

President Jokowi received a working visit from Microsoft CEO Satya Nadella at the Presidential Palace in Jakarta on Tuesday, April 30.

Read More

Jokowi to Meet Microsoft Boss, Discusses Investment Plan

3 hari lalu

Jokowi to Meet Microsoft Boss, Discusses Investment Plan

Jokowi received a working visit from Microsoft Chief Executive Officer Satya Nadella at the Presidential Palace in Jakarta on Tuesday, April 30, 2024.

Read More

Indonesia Prioritizes Local Investors in IKN, Says Minister Bahlil

3 hari lalu

Indonesia Prioritizes Local Investors in IKN, Says Minister Bahlil

Indonesian Investment Minister Bahlil Lahadalia said the government would prioritize domestic investors in the IKN project.

Read More

Jokowi, Lee Hsien Loong Discuss Defense, Investment, and ASEAN Issues

4 hari lalu

Jokowi, Lee Hsien Loong Discuss Defense, Investment, and ASEAN Issues

Indonesian President Jokowi and Singapore PM Lee Hsien Loong emphasized the importance of continued cooperation between the two countries.

Read More

Indonesia Discusses Sport Infrastructure Investment with UAE

4 hari lalu

Indonesia Discusses Sport Infrastructure Investment with UAE

Indonesia's Youth and Sports Minister discussed opportunities for investment in the development of sports infrastructures with the UAE.

Read More