Indonesia to Start Crypto Exchange Ahead of Regulatory Shift – Bloomberg

Indonesia to Start Crypto Exchange Ahead of Regulatory Shift – Bloomberg

Blockchain Crypto Market Technology
January 23, 2023 by Coinvasity
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Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
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Indonesia plans to set up a crypto exchange this year before it shifts regulatory powers over such assets to the Financial Services Authority, from a commodities agency.
Crypto assets in Indonesia are currently traded alongside commodity contracts under the supervision of the Commodity Futures Trading Regulatory Agency, known as Bappebti. As part of a broader financial sector reform, the FSA will assume regulatory power over the assets over the next two years, by which time the exchange should be set up, said Bappebti acting head Didid Noordiatmoko on Wednesday.

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