Indonesia to Launch National Crypto Exchange Website in July

Indonesian government is moving forward with plans to launch an exchange It is a national cryptocurrency and is expected to launch the platform in the coming weeks.

Indonesia’s Commodity Futures Trading Regulatory Agency (CFTRA), known as Bappepti, plans to launch a national crypto exchange in July 2023, according to local news outlet Tempo. reporton July 14

Bappepti head Didid Noordiatmoko reportedly said that cryptocurrency transactions All are allowed to operate using local exchanges only.

“Yesterday we agreed on the rules of the stock market,” the official said. It added that discussions involved KYC procedures, with Didid noting that trading would be offered through an application which CFTRA has already tested.

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