Indonesia plans to establish a state-supported cryptocurrency exchange this year

ChainCatcher news, according to Bloomberg, Indonesia plans to establish a state-supported cryptocurrency exchange this year, which could be set up as early as mid-2023, and will be operated by a private company rather than the government, to improve cryptocurrency trading and mitigate the risks brought by the FTX collapse. It will adopt an operational model similar to that of the stock market, with trading, clearing, and custody separated under official supervision. (Source link)