Indonesia opens a national crypto exchange

The indonesian government proceeded to launch of a national stock exchange for the crypto. Objective: monitor this new market and protect to protect investors.

This Friday, Reuters reported that theIndonesia had opened its stock exchange dedicated to crypto-assets. The platform, which was initially announced for late 2021 and includes a clearing house, aims to provide a transaction recording to regulators and protect visit investors.

L’Indonesia has banned payments in crypto-currencies on its territory, but nevertheless allows investment in this new asset class. USDT, Bitcoin, Ethereum, XRP and Binance Coin are the most widely traded tokens in the country, according to the local regulator. Bappebti.

The latter will manage the exchange with the help of the Financial Services Authority, the Central Bank and the Ministry of Finance.

The national exchange will list licensed crypto exchanges such as the subsidiary Tokocrypto or the Kripto Maksima Koin platform acquired by the Indonesian giant Goto last year.

After a tumultuous 2022 marked in particular by the collapse of FTX in the autumn, regulators around the world are now looking to better supervise the crypto market and industry.

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