The Function X Foundation will join the Indonesian Regulatory discussion at Coinfest Asia 2023

Coinfest Asia is hosted by Coinvestasi, Indonesia’s #1 crypto media, and will take place from August 24–25, in Bali, Indonesia. The conference converges the Web2 and Web3 industries to explore real-world insights and valuable connections through an immersive festival experience. Recently, Indonesia has gained a reputation as a crypto-friendly nation, and the local authorities are working hard to spur growth and offer a great environment for Web3 developers.

The conference attracts some of the best and brightest minds in the blockchain industry globally, igniting discussions and debates on the future of the decentralized world and all it has to offer. All of this is why there’s much speculation as to what Coinfest Asia 2023 will be about.

Below are topics we expect to gain traction during the event.

Crypto regulation in Asia, especially in Indonesia

Crypto regulation is one of the hottest topics lately, especially after what happened in 2022. Indonesia is one of the countries that applies advanced crypto regulation, especially on centralized exchanges and asset trading.

Function X Foundation is invited to attend the regulatory discussion with

• Coordinating Ministry for Economic Affairs (Kementerian Koordinator Bidang Perekonomian Republik Indonesia).
• Ministry of Tourism & Creative Economy (Kemenparekraf)
• Ministry of Communication & Information Technology (Kemkominfo)
• Financial Services Authority (OJK Indonesia)
• Commodity Futures Trading Supervisory (BAPPEBTI)

The regulatory discussion’s topic is “Driving the Digital Economy Forward” and Function X Foundation is honored to have the opportunity to contribute to the Indonesia blockchain industry.

Indonesia’s path to a digital economy with Web3

Indonesia, one of the countries with the most population in the world, is predicted be the next giant in the Web3 space. What is the current priority and the next step from the regulators to grow Web3 in the country?

More on crypto

2023 has been a good year for builders in the crypto space, and crypto still seems closer than ever to mainstream adoption. As technology still evolves to make room for crypto and the like, it will pay attention to the developments that come out of Coinfest 2023.

We will be there to meet our partners, and we look forward to engaging more developers and ecosystem partners to continuously build this space. Contact us if you want to schedule a face-to-face meeting at Coinfest 2023.

WAGMI+ Bali: ReDEFI-ning Onchain Future with Coin98, BASE and Tomochain

Function X Foundation will have a side event together with Coin98, Base blockchain (Coinbase), and Tomochain on August 23, 2023 at APE Club, Uluwatu, Bali.

If you are coming to Bali, you are invited to attend the event. Register yourself here.

At the very least, the event will provide a comprehensive snapshot of the future moves of some of the most exciting new technology around.