Crypto transactions in Indonesia crosses $30 billion for 2024.

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Crypto transactions in Indonesia has gotten to an unprecedented $30 billion in volume between the months of January and October, 2024. That is about 350% increase from under $10 billon volume in 2023.

What could be the catalyst for this explosion in crypto transactions in Indonesia?!
 
Asian countries are championing the web 3 and cryptocurrency businesses. Gradually they are displacing first tier countries. Indonesia is one of the leading countries that embrace cryptocurrency and the economy is reaping the reward now.
Even when crypto has been banned in some of those Asian countries, they are still entering into it massively. China has more people in crypto than most other countries.
 
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