Indonesia launches its crypto exchange and clearing house By Cointelegraph

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Indonesia launches its crypto exchange and clearing house

Published Jul 21, 2023 03:39AM ET Updated Jul 21, 2023 11:40AM ET

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Indonesia launches its crypto exchange and clearing house

The national cryptocurrency exchange announced by the Indonesian government a week ago has begun to function, according to a statement from the country’s Commodity Futures Trading Supervisory Agency, known as Bappebti. The platform will be the only space in the country where the legal exchange of digital assets is allowed.

Bappebti confirmed the opening of the exchange on July 20. In addition, the agency has established a futures clearing house along with the exchange. A clearing house mediates between a buyer and seller, ensuring the transaction goes smoothly.

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