The leadership of any country,
has the biggest amount of impact on everything that is happening in that particular Nation and the industries that are growing or are going to be having themselves shaped up to look like in the future are all going to be having a very begin back on how the leadership things those industries are going to be functioning as well as what are going to be the regulation that they are going to be subjected to which is the big way how the leadership impacts the particular Industries that operate within the country.
Every particular leader has a leader for sure and those people have different opinions about the way they think that a particular industry should be functioning there are a lot of people who are competing for the position of that leader which is Prime Minister President or something like that which is something that has a very big role to play and for these Industries it is very crucial as well because a minor change in the point of view of a new leader can graphically impact the way a particular industry function and operates.
If we talk about cryptocurrency as an industry then we have seen in many countries that in just a single country there have been different leaders who have had different opinions about cryptocurrency within their country some have been quite vocal about it and inclusive towards cryptocurrencies and digital last while some have been very negative about it as well as also giving opinions about banning it completely and those are things that should not be existing within the country so this kind of difference in opinions are always existing in almost every country and leadership positions as we can see.
One very interesting case is definitely of Indonesia as the Crypto sector over there is very vibrant and has a very big market the users are also growing quite nicely as we have seen in recent times and a lot of businesses have been trying to get themselves involved in that particular market as they have been getting support from the government itself but in the upcoming months there is the election which is going to happen very soon and that may happen to change the leadership positions that we are accustomed to right now and that might be a very big impactful event for the Crypto industry in Indonesia.
This is because the current leader is very vocal about the Crypto sector and has brought a lot of changes in the particular policies that involved digital Assets and the businesses that are going to be severely impacted by all of those particular regulations and those have mostly been quite helpful and inclusive towards the Crypto sector but on the other hand the people who are there in the opposition have been very silent or quiet about everything related to cryptocurrencies and are the ones are going to be competing for that leadership position in the upcoming elections.
The current President Joko Widodo already had Global Pants for cryptocurrencies that are going to be issued in Indonesia. There have been a lot of plans that he had already executed as one of the examples for being the world's first bourse for Digital assets where whereas the next candidates who are going to be competing for the Presidential elections at very quiet about the Crypto sector. Still, they have always tried to replicate what their opinion or stance is on the particular sector and they are not that exciting for sure.
As one of the candidates, Muhaimin did say that taxing Crypto transactions are going to be one of the crucial things that I need to implement as they are going to as a very big source for the state revenues and there is something that needs to be done as well as supervision is always something that is needed to be implemented for the sector that is to be done by the financial services authority of the country and this particular point has been addressed by the current President as he said that these are the things that are driving traders away.
So all in all the upcoming candidates don't look that kind of promising about the Crypto sector are very much interested in that particular aspect in their country or have been not that enthusiastic about the sector which is why it is a very crucial upcoming Presidential election for the country of in Asia as the market over there is very flourishing right now and have the potential to become a very big one in the upcoming years and this leadership changes Maisie impact that or even boost that if a particular leader who is very much interested about the sector comes into power.
It will be very interesting to see how things are going to look in a few months after the elections particularly if the person who comes into power has opinions about the sector as it is going to definitely impact the business and the market over there in Indonesia but also going to impact the entire cryptocurrency ecosystem as a whole.
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