Indonesia To Launch National Crypto Exchange By June 2023

The Indonesia crypto exchange that was to launch by the end of 2022 will now go live in June. Zulkifli Hasan, the Indonesian trade minister, announced it during the opening ceremony for Crypto Literacy Month on February 2 in Jakarta. Hasan noted that the government is reviewing companies to select those that meet the criteria for joining the national exchange.

ensure all requirements, procedures, and steps moved as planned.

Indonesian Nat’l Exchange To Serve As Custodian, Mediator For Private Exchanges

According to local reports, Hasan said Indonesian regulators have already registered five exchanges. These exchanges will operate under the new national crypto exchange, which the ministry is about to launch. The national platform would act as a clearing house and custodian in the Indonesian crypto market, facilitating smooth trades and overseeing the activities of the private ones.

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According to the minister, they targeted the crypto exchange’s launch by December 2022. Even during the NXC International Summit in September 2022, Indonesia’s deputy trade minister, Jerry Sambuaga, reaffirmed that the country still plans to launch its crypto exchange. But the preparation met delays as the government tried to

By clearing house, the minister meant a mediator between buyers and sellers, whose duty is to ensure all transactions go without hitches.