Indonesia's New Crypto Exchange: Behind the Scenes

[{"selector":"#anim-de009403-35fe-45ec-b499-b70c2f7653b0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(49.13905334400261%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The Indonesian government is developing a crypto exchange. However, it's not competing with Binance.

[{"selector":"#anim-9d5c2090-d1e9-4fbd-b6cb-9f429ab0a03f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Behind the scenes are several country-specific entities that resemble traditional finance infrastructure.

[{"selector":"#anim-5d69025e-06b1-47fa-9d53-ddc0ce7d5838 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(52.239199287864245%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Indonesian authorities imply "crypto exchange" like the NASDAQ composite.

[{"selector":"#anim-c35d643e-362c-4209-b81a-a7ac1a3e3487 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-36.0781249155226%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The trading infrastructure ecosystem includes nationally regulated custodians and this.

[{"selector":"#anim-a5e115f8-e4c3-458b-ad50-249ccc894152 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.789663126211508%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] This makes crypto trading mainstream in Indonesia and an institutional asset.

[{"selector":"#anim-697aa01d-7482-4b4b-a0a9-c0418c51d399 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-11.24594784307596%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] BAPPEBTI has not provided a date for completion.

[{"selector":"#anim-4898b395-c33b-4a61-9685-c4f0b1683764 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The regulator is presently creating this infrastructure and hopes to debut this year. Learn more