• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • CryptoSphere, Wrocław (February 4, 2023)
    • TMRW, Dubai (February 8-10, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Indonesia to launch a national crypto exchange

January 6, 2023 By Crypto Reporter

Indonesia plans to establish a national cryptocurrency exchange as part of its regulatory reform.

Image via Unsplash

This reform involves shifting regulatory oversight over the cryptocurrency industry from the Commodity Futures Trading Regulatory Agency, known as Bappebti, to the Financial Services Authority (FSA).

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.

Indonesia has been supportive of crypto assets albeit wary of it competing against the rupiah, which is the only legal tender in the country. The central bank has issued a white paper to map out its digital currency, while a recently passed law recognizes cryptocurrency and digital assets as regulated financial securities.

There were 16 million cryptocurrency investors in Indonesia in the first eleven months of 2022, an increase from 11.2 million at the end of 2021. However, last year, the trading value dropped to around 300 trillion rupiah ($19.2 billion) from 859 trillion rupiah ($54.9 billion) a year earlier.

More news:

  • Binance acquires Japanese crypto exchange Sakura Exchange BitCoin
    Binance acquires Japanese crypto exchange Sakura Exchange BitCoin
    December 5, 2022
  • Crypto.com exchange gets UK regulatory approval
    Crypto.com exchange gets UK regulatory approval
    August 24, 2022
  • Collapsed crypto exchange FTX could have over 1 million creditors
    Collapsed crypto exchange FTX could have over 1 million creditors
    November 18, 2022
  • FTX acquires regulated crypto futures and options exchange LedgerX
    FTX acquires regulated crypto futures and options exchange LedgerX
    October 27, 2021
  • PayPal to launch its own crypto wallet 
    PayPal to launch its own crypto wallet 
    August 4, 2021
  • Ripple partners with the National Bank of Egypt
    Ripple partners with the National Bank of Egypt
    May 26, 2021

Filed Under: General News, Latest News, News Tagged With: cryptocurrency, exchanges, Indonesia, regulations

Primary Sidebar

Follow Us

Press Releases

Near Protocol (NEAR) and Polkadot (DOT) Drop; Orbeon Protocol (ORBN) Skyrockets 1400%

January 31, 2023

QI Blockchain Ecosystem: The Fastest Growing Ecosystem in the World

January 30, 2023

Here’s Why Aptos (APT) Will Overtake Ethereum

January 29, 2023

Maximizing Defi Opportunities: Orbeon Protocol (ORBN), Aave (AAVE) and Quant (QNT)

January 28, 2023

Blockchain Expo is returning to California

January 27, 2023

Cryptosphere

TMRW

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter