Prabowo Subianto Declares Victory in Indonesia’s Presidential Election
Unofficial vote counts indicate that Prabowo Subianto has won the Indonesian presidential election, potentially securing a single-round victory. Subianto, along with his pro-crypto running mate Gibran Rakabuming Raka, will become the next president and vice president of Indonesia. The unofficial results show that Subianto secured nearly 60% of the vote, surpassing the threshold to avoid a runoff. The legislative contest also revealed strong parliamentary backing for Prabowo’s government coalition. This victory suggests a continuation of Indonesia’s crypto-friendly policies, which were initiated under the current president Joko Widodo. The incoming leadership is expected to uphold these policies and potentially implement more regulatory measures favorable to the cryptocurrency sector.
Indonesia’s Crypto Future
Prabowo has expressed gratitude for the quick count results and pledged to form a government comprising the nation’s best talents. He has previously stated his intention to prepare blockchain and crypto experts to improve Indonesia’s tech sector. His government will also enhance supervision of tax compliance among stock and crypto traders. These positions indicate a possible continuation of existing policies and a move towards even more crypto-friendly regulations in Indonesia. However, the official result is expected to be confirmed by the election commission in March. Indonesia ranks seventh on Chainalysis’ global crypto adoption index, highlighting its status as a fast adopter of cryptocurrencies.
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