According to Foresight News, Indonesian President Joko Widodo has issued a warning to the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of cryptocurrencies and NFTs for money laundering. He noted signs indicating that the amount of money laundered through digital assets in 2021 could reach $8.6 billion (139 trillion Indonesian Rupiah). This information was cited from data in the Chainalysis 2022 Cryptocurrency Crime Report, emphasizing the need for swift action.
In addition to cryptocurrencies and NFTs, President Widodo also stressed the need to monitor other potential tools for money laundering. These include virtual assets, market activities, digital currencies, and transactions driven by artificial intelligence. The president's warning comes amidst a global increase in the use of digital assets, highlighting the potential risks and challenges that these new technologies can pose to financial security.