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Indonesia Picks Crypto-Friendly Team in Presidential Election

Former defense minister Prabowo Subianto and his pro-crypto running mate, Gibran Rakabuming Raka, have seemingly come out on top as the country’s next president and vice president. The two have claimed victory, citing nearly 60% of votes in "Quick Counts" across Indonesia. Quick Counts by independent pollsters typically reflect accurately on the outcome. The win could mean continuing Indonesia’s crypto-friendly policies under Joko Widodo, Indonesia’s incumbent president and – controversially – Gibran’s father. Prabowo and Gibran could uphold existing policies and potentially pave the way for more crypto-friendly regulations.

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