Indonesia plans to launch a cryptocurrency exchange this month

ChainCatcher news, Indonesia's commodity futures trading regulatory agency (Bappebti) announced plans to launch a cryptocurrency exchange this month. Bappebti head Didid Noordiatmoko stated that once the exchange is operational, all cryptocurrency transactions can only be conducted through the exchange. At the same time, KYC and various processes are regulated.

In addition, he mentioned that transactions will be completed through each integrated application. CoFTRA has also conducted integration testing. Didid expressed that for the cryptocurrencies to be sold, Bappebti hopes they are local but can still keep up with the developments of the international market, including price issues, provided they are approved by Bappebti. (source link)