Indonesia Establishes Cryptocurrency Exchange: Reason for Delay Explained

Indonesian Deputy Minister of Commerce announced that the Indonesian government’s plans to establish a cryptocurrency exchange are underway.

Jerry Sambuaga, Indonesian Deputy Minister of Commerce He said on August 31 that citizens’ interest in cryptocurrencies has increased and that setting up an exchange would be a good tool to protect investors.

Jerry Sambuaga In his statements on the subject, he actually stated that the cryptocurrency exchange 2022 He said that they plan to establish it in the beginning of the year. In addition, Sambuaga gave the following statements as the reason for the delay: We think that technical issues such as custody and clearing and requirements such as capital should be resolved, and which institutions should be included on the board to establish an exchange, and we think that all of these issues are very important. we work hard.

Sambuaga is initially listed on the relevant exchange, such as the shares of exchanges licensed by the Indonesian Financial Authority, Bappebti.in the digital asset industry operating companies will be listed.

Bappebti announced in 2021, in total, during the year. 859.4 trillion rupee transaction ($57.6 billion) reported. Experts, the state stock market as of June 2022 15.1 million for the Indonesian crypto industry that accesses the user catalyst He claimed he would do the job.

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