Indonesia’s Futures and Commodity Trading Regulatory Agency will launch a national cryptocurrency exchange this month.
Indonesian officials expect to finally launch their national crypto exchange next month.
Local news agency Tempo reported the country’s Commodity Futures Trading Supervisory Agency, commonly known as Bappebti, plans to launch the exchange this month after several delays.
Bappebti’s head Didid Noordiatmoko said once the exchange launches, all crypto transactions can only be conducted via its platform. Five hundred and eleven cryptocurrencies are approved for trading on the exchange.
Exchange to Go Live after Several Delays
Noordiatmoko stated that Bappebti and the stock exchange agreed on rules, adding that discussions centered around KYC procedures. The official added that the trading of stocks on the exchange will be done through an integrated app, which Bappebti already tested.
Didid: “Yesterday, we carried out system integration tests among traders, exchanges and clearing houses, as well as depositorys.”
Indonesia’s national exchange was slated to launch by December 2022 but was delayed to June 2023.
Noordiatmoko said that the regulator is also…