JAKARTA - The United States is getting serious about adopting digital assets

This move marks a major change in global crypto policy and is a strong signal for other countries to consider similar strategies.

The United States has reportedly begun including Bitcoin in its national reserves and also plans to create a US Digital Asset Stockpile, according to a report by Bloomberg. The move marks a change in global crypto policy.

If a country as big as the U.S. starts to build Bitcoin reserves, then other countries could consider similar strategic steps so as not to be left behind in the development of the digital economy,” said INDODAX CEO Oscar Darmawan in a discussion on the Bloomberg Technoz Podcast.

The U.S. reportedly plans to store around $100 million worth of BTC and ETH and also includes other digital assets such as XRP and Solana.

This decision could be part of the political dynamics and U.S. economic strategies in the face of the global digital asset dominance.

The U.S. Bitcoin reserve strategy not only aims for asset diversification but also reduces sales pressure from government institutions. If Bitcoin is included in a country’s strategic reserves, the asset will most likely not be sold in the short term, which could have an impact on the stability of Bitcoin prices in the market.

On the other hand, Crypto Academy Founder Timothy Ronald says this move is a signal for other countries to follow in the U.S.’s footsteps.

“This is similar to the moment when the Bitcoin ETF was first launched. The impact may not be felt yet, but in the long term, this policy could encourage more countries to build their own Bitcoin reserves,” he explained.

Several other countries, such as the United Arab Emirates and Turkey, are starting to move more progressively by considering Bitcoin as part of their national reserves.

If this trend continues, it is possible that more countries will follow, including countries with developing economies such as Indonesia.

In Indonesia, crypto asset regulations still face challenges. Even though it has been regulated under the Financial Services Authority (OJK), the involvement of Bank Indonesia (BI) in strategic aspects such as foreign exchange reserves has not been seen.

“There needs to be alignment between related institutions so that crypto regulations in Indonesia are not stagnant. We used to be the most advanced in crypto asset regulations in Southeast Asia, but are now starting to fall behind,” Oscar added.

In addition, the adoption of Bitcoin by the state can pose new challenges for the concept of decentralization which has been the main value of crypto. This is because the more countries that accumulate Bitcoin, the greater the potential for institutional control of these assets.

In a global context, the increasing number of countries recognizing Bitcoin as a strategic asset can encourage policy changes in various countries. Oscar hopes that Indonesia can immediately take a firmer stance in facing this development.

With the number of crypto investors who have reached more than 30 million people in Indonesia, this policy that supports industrial growth can provide benefits to the national digital economy.

The above is the detailed content of JAKARTA - The United States is getting serious about adopting digital assets. For more information, please follow other related articles on the PHP Chinese website!