Indonesia plans to establish a national crypto exchange amid broader financial sector reform.
Crypto assets are supervised by Indonesia's Commodity Futures Trading Regulatory Agency, Bappebti. Over the next two years, the Financial Services Authority will take over the supervision of crypto, Didid Noordiatmoko, Bappebti’s acting head, said on Wednesday.
The national crypto exchange should be set up by the time the agencies switch regulatory power over crypto, Noordiatmoko added, as reported by Bloomberg.
Cryptocurrencies are currently banned as a payment method in the country, but it is legal to trade them.
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