Indonesia Will Launch a National Crypto Exchange This Month

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The Indonesian Commodity Futures Trading Regulatory Agency announced in January that a national cryptocurrency exchange is slated for completion in 2023.

Last week, Trade Minister Zulkifli Hasan revealed that the platform might be launched by July. Apace with this, regulatory authorities are constructing an industry-wide ecosystem to manage and protect digital asset investment and to boost the transparency of virtual coin trades.

A roster of potential participants is currently being prepared. In Indonesia, five crypto exchanges have already been granted licensure and they will unhesitatingly fall under the control of the national platform when it is activated.

Aside from facilitating cryptocurrency trade, the platform will also aid in safeguarding digital assets. Internationally, Indonesia stands in twentieth place on the index of 146 countries with respect to speed of cryptocurrency acceptance.