The Indonesian government is developing a crypto exchange. However, it's not competing with Binance.
Behind the scenes are several country-specific entities that resemble traditional finance infrastructure.
Indonesian authorities imply "crypto exchange" like the NASDAQ composite.
The trading infrastructure ecosystem includes nationally regulated custodians and this.
This makes crypto trading mainstream in Indonesia and an institutional asset.
BAPPEBTI has not provided a date for completion.
The regulator is presently creating this infrastructure and hopes to debut this year.