Indonesia has established its own cryptocurrency exchange, clearing house, and depository, supported by the head of the Commodity Futures Trading Regulatory Agency (Bappebti), Didid Noordiatmoko. These institutions support the government's efforts to build an equitable trading ecosystem and ensure customer protection. The three new institutions are based on three Bappebti decrees issued on July 17. The crypto asset industry in Indonesia, based on the Financial Sector Development and Strengthening Law, would be well-maintained and could contribute to the economy through state revenue. Crypto trading has attracted a rapidly increasing number of people in Indonesia, with 141,800 new customers trading crypto assets in June 2023.The number of crypto asset transactions in June rose 9.3%, with Tether, Bitcoin, Ethereum, Ripple, and Binance Coin among the most-traded assets. However, the total transaction value in the first half of 2023 was down 68.65% from the same period last year. The government's crypto futures exchange, once inaugurated, is expected to not charge overly high fees, as the domestic industry would suffer the most and users may take their business overseas. However, there are still no best practices for regulating government crypto exchanges due to their relative novelty.Link di fonte: https://www.thejakartapost.com/business/2023/07/23/govt-paves-way-for-own-crypto-exchange-clearing-house.html (ICE GIACARTA)

Fonte notizia: The Jakarta Post - 23 July 2023