Indonesia is tightening its grip on cryptocurrency operations, introducing mandatory registration with the national exchange. This move, fueled by local demand, aims to bring transparency and control to the crypto space. However, crypto exchanges must act swiftly to meet the August 17, 2024, deadline, or face automatic suspension from operations in Indonesia
SanyaThe opening of this new exchange is intended to protect consumers, and will function as a futures clearing house as well.
ClementThe project, which has been in progress since December 2021, gained momentum with the endorsement of Pang Hue Kai, CEO of Tokokrypto, a licensed Indonesian crypto exchange partly owned by Binance.
Coinlive Coinlive The registration channel is now officially open!
ABGACoinlive The country sees the tokens as a way to boost its economy.
CoindeskIndonesian Islamic organization NU says cryptocurrencies are too volatile to be legalized under Islamic law.
CointelegraphThe Indonesian government is reportedly still figuring out how to implement a cryptocurrency tax, but legislation passed in response to the pandemic lays the groundwork for it.
CointelegraphSome of Indonesia's best-known celebs have helped fan the flames of interest in digital assets.
Cointelegraph