Home to 16 million cryptocurrency investors locally, Indonesia aims to open a national cryptocurrency exchange by June of this year.
The Indonesian government aims to open a national cryptocurrency exchange by June, local media reported. The government, which has been working on this issue for a while, first determined the national stock market in question. It aimed to raise it by the end of 2022. but this goal was not realized. who recently made a statement on the Indonesian Trade Minister Zulkifli Hasanurged the public to be patient with the national crypto exchange:
Let’s not rush, because things can get messy if he acts before he’s fully prepared. The government does not want this move to cause great harm to the public because people do not know much about crypto trading.
In a statement made by government officials, financial authorities on which exchanges meet the requirements He said he was continuing his research. Currently registered with the country’s regulators There are five active crypto exchanges and, according to Zulkifli, the ministry’s crypto exchange could cover them all.
The said national stock exchange to be established by the government, mediator between exchanges and local users to undertake the task and for the necessary funds be a reliable custodian is planned. If that happens, cryptocurrency transactions can occur seamlessly and under government control.