Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the National Movement for Anti-Money Laundering and Terrorism Financing Prevention at the State Palace, Jakarta.
The president said he is aware of indications of money laundering through crypto assets amounting to $8.6 billion (139 trillion IDR) in 2021, referring to data from the 2022 Crypto Crime Report by Chainalysis,
“This amount, equivalent to Rp 139 trillion globally, is not just large – it is extremely large,” Widodo said during his address. “We must move
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