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The increase in adoption of Bitcoin (BTC) and other Cryptocurrencies globally is an ongoing and possibly irreversible process. There are more and more examples that demonstrate this.
Not only are actions seen in the private sector (Companies and Investment Funds) in this sense, but there are also steps on the part of governments. A recent example is the news coming from Indonesia.
The central axis of the news is that the Indonesian government will launch, at the end of July of this year, an Exchange for Cryptocurrency Trading in the country.
It will be a national platform and once in operation only through its services will be allow the exchange of Cryptoactives in said country.
Initially, the launch of the Exchange and its control will be carried out by the Commodities Futures Trade Regulatory Agency.
Subsequently, the aforementioned Regulatory Agency is expected to transfer control and supervision over the Exchange to the Indonesian Financial Services Authority (OJK).
The OJK will assume from this year the regulation and control of all Crypto assets in the country as part of a financial reform that seeks to develop and strengthen the national financial system; and, among other aspects, transform its relationship with the Crypto sector by improving regulatory issues.
The Republic of Indonesia is an archipelago, its Capital is Jakarta and the national currency is the Rupiah. It is a member of the G-20 and is the largest economy in Southeast Asia. It is also the 4th country with the largest population in the world (it is estimated that there are several million Crypto-Enthusiasts and Crypto-Investors, although there are no official figures).
Disclaimer: The content of this article cannot be considered as investment advice or financial advice. This post is for informational purposes only.
This article was first published on the Hive Blockchain: Indonesia will have an official exchange.
