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The government of Indonesia has announced that it launched a national crypto exchange to protect the data of investors. In addition, the exchange will give authorities access to transaction data. Indonesia does not permit to use of crypto as assets. However, people can invest in any asset. There is no restriction about it. Furthermore, the data in Indonesia in June show that 17.54 million people invested in digital assets.
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According to the Commodity Futures Trading Regulatory Agency (Bappebti), people mostly invest in Tether, Bitcoin, Ethereum, Ripple and BNB. In addition, these cryptocurrencies reach up to 4.42 billion dollars. Thus, it is clear that Indonesian people are interested in crypto assets. These situations cause to launch a new crypto exchange by the government.
Indonesia announced to launch a new crypto exchange.
Didid Noordiantmoko, the leader of Bappebti, has announced some information about processes in the new exchange. Firstly, Komoditi Nusantara will manage the exchange. Kliring Berjangka Indonesia will clear transactions in the exchange. Also, Tennet Depository will be responsible for the management of crypto assets. Besides, a new law indicates that Bappebti is not responsible for the regulation of cryptocurrencies. This duty was given to Financial Services Authorities. Not only regulations but also they will do the management of crypto.
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