Indonesia’s national cryptocurrency exchange has opened for business, becoming the only legal venue for the exchange of digital assets in the country, according to the Commodity Futures Trading Supervisory Agency. The exchange had been in the works since December 2021 and was delayed from its scheduled launch date at the end of 2022 to June 2023. Two-thirds of the directors and commissioners at crypto firms in Indonesia must be citizens of the country, according to a government policy suggestion for the physical trading of crypto assets. About 4% of the population in Indonesia, or almost 11 million people, invested in cryptocurrency last year.
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