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Indonesia will launch a national cryptocurrency exchange which

Date:2024-07-01 18:26:51 Channel:Exchange Read:

In the field of digital currency, Indonesia is about to set off a new storm. It is reported that Indonesia will launch a national cryptocurrency exchange, which is expected to be launched as soon as this year. This move has attracted widespread attention and heated discussions in the industry, setting off a wave of digital currency revolution. Let us explore this major event in depth and uncover the story behind the cryptocurrency exchange.

As Indonesia's national cryptocurrency exchange, the launch of this platform will bring great changes to the digital currency market in Indonesia and even the entire Southeast Asia region. With the continuous maturity of blockchain technology and the continuous growth of the digital currency market, this move by the Indonesian government is regarded as an important exploration and innovation for future financial development. This also means that Indonesia will become an important member of the global digital currency field, injecting new impetus into the development of the digital economy in its own country and even neighboring countries.

Behind the launch of the Indonesian cryptocurrency exchange, the Indonesian government's attention and support for the digital economy are highlighted. As one of the largest economies in Southeast Asia, Indonesia has been committed to promoting technological innovation and digital transformation. The establishment of this national cryptocurrency exchange will not only inject new vitality into Indonesia's financial technology industry, but also attract more international investors and help Indonesia's economy take off.

Against the backdrop of increasingly fierce competition in the global digital currency market, Indonesia's move to launch a national cryptocurrency exchange is a milestone. This will not only provide a safer and more convenient platform for digital currency transactions in Indonesia, but also provide new explorations and opportunities for the development of the global digital currency market. With the launch of the Indonesian cryptocurrency exchange, it is believed that it will attract more attention from users and investors and bring new vitality to the digital currency industry.

Overall, Indonesia's move to launch a national cryptocurrency exchange will open a new chapter for the development of Indonesia's digital economy and promote the application and development of blockchain technology in Indonesia. This move will not only promote the innovation and development of Indonesia's financial technology industry, but also inject new impetus into the digital transformation of Indonesia's economy. Let us wait and see, witness the launch of the Indonesian cryptocurrency exchange, and explore the infinite possibilities in the field of digital currency together.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


According to Bloomberg, the Indonesian government intends to establish one this year and then change the authority for cryptocurrency to the Financial Services Authority (FSA).

Currently, Indonesia's cryptocurrency market is mainly regulated by the Commodity Futures Trading Regulatory Authority (BAPPEBTI), which prohibits people from using cryptocurrency as a payment tool, but can trade cryptocurrency as a commodity.

However, Didid Noordiatmoko, acting head of BAPPEBTI, said on Wednesday that as part of financial sector reforms, the FSA will take over cryptocurrency jurisdiction within the next two years, and he expects that the cryptocurrency exchange established by the government should have been launched by then.

Jerry Sambuaga, deputy minister of Indonesia's Ministry of Commerce, said in the past that due to the increasing interest in digital currencies, but at the same time the government wants to protect consumers, it intends to launch a cryptocurrency exchange, which was originally planned to go online in 2021, but the plan has been repeatedly postponed due to the complexity of the process.

According to data disclosed by BAPPEBTI, there are currently 383 crypto assets allowed to be traded in Indonesia, plus 10 tokens launched by local operators, and another 151 crypto assets and 10 tokens are under review.

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