In the face of impending regulatory changes, Indonesia will launch a national digital currency exchange
- Akansha Gupta
- January 7, 2023
- Crypto, News
- 0 Comments
- Indonesia’s virtual currency ecosystem is gearing up for seismic shifts as regulators scramble to assert control over the industry in the coming months.
- The proposed plan to establish a national digital currency exchange for the country is the first of the incoming changes.
- Didid Noordiatmoko, the head of the Indonesian Commodity Futures Trading Regulatory Agency, stated that the platform would be ready by the end of the year.
- The formation of a national trading platform for digital assets is part of regulators’ plan to prevent major collapses like FTX and Zipmex from happening again.