Gibran Rakabuming Raka and Prabowo Subianto Clinch Victory in Indonesian Election; Crypto Focus Mooted
Summary:
Vice Presidential candidate Gibran Rakabuming Raka, teaming up with Presidential candidate Prabowo Subianto, has reportedly secured a victory in Indonesia's election, with an unofficial count showing about 58% votes in their favor. The final results are anticipated by March 20, with an inauguration slated for October 20. Gibran revealed plans to boost opportunities in the cryptocurrency and blockchain sectors for Indonesia's youth. The country introduced a national cryptocurrency exchange in 2023, albeit strict rules against using cryptocurrencies for trade and services outside this platform remain.
The Vice Presidential candidate Gibran Rakabuming Raka, who partnered with Presidential aspirant Prabowo Subianto, has reportedly clinched a win in Indonesia’s election. A Reuters report from February 14 indicated that an unofficial vote count positioned Prabowo and Gibran as the winners of the presidency, securing approximately 58% of the votes. Gibran, presently serving as Surakarta's mayor, disclosed plans in December 2023 for his party to focus on opening opportunities for Indonesia's young generation in the fields of cryptocurrency and blockchain.
Prabowo acknowledged the early count results, "We appreciate the preliminary counting results. The figures, derived from all polling computations including from our competition, indicate a victory for Prabowo-Gibran in the first round." He added, “Our government will comprise the finest individuals Indonesia has to offer." As per the unofficial results drawn from about 86% to 95% of the counted votes, Prabowo and Gibran have a lead against contenders Anies Baswedan and Ganjar Pranowo. The final results could be confirmed as late as March 20, followed by an inauguration slated for October 20.
Gibran, son of current Indonesian President Joko Widodo, who took office in October 2014, made it onto the ticket due to a special concession for regional leaders. This was an exception to a rule that the vice presidential candidate should be at least 40 years old, Gibran being only 36.
Indonesia, teeming with a population of over 277 million, stands as the world's fourth most populated country. It comprises more than 17,000 islands dispersed over several kilometers from east to west. In July 2023, Indonesia's government introduced a national cryptocurrency exchange, declaring it the sole legal platform for digital asset trading within the country.
Despite this, Indonesia does not generally permit its residents to employ cryptocurrencies for purchasing goods and services. In May 2023, the Governor of Bali, a hotspot for Australian tourists and other international visitors, sternly warned that stringent actions would be taken against those resorting to crypto payments.
Published At
2/14/2024 9:11:46 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.