Binance Holdings Ltd. may launch a joint cryptocurrency venture with Indonesia’s richest family, Bloomberg reported on Friday.
According to the news based on names with knowledge on the subject, Binance a local cryptocurrency exchange with the Hartono family to establish in conversation.
Michael Hartono and R. Budi Hartono, the two richest names in Indonesia, run PT Bank Central Asia together.
It is reported that Binance is in talks with PT Telkom as well as PT Bank Central Asia. According to Bloomberg’s report, the parties have not yet taken a final decision on the structure of the initiative in question.
Although cryptocurrencies are not used as a means of payment in Indonesia, they can be used as an investment tool. According to the data of the Ministry of Commerce, across the country More than 7 million 400 thousand Cryptocurrency investor.
Binance did not make a statement confirming its alleged steps towards the Indonesian market.