{"id":2221,"date":"2023-07-21T14:27:14","date_gmt":"2023-07-21T14:27:14","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=2221"},"modified":"2023-07-21T14:27:17","modified_gmt":"2023-07-21T14:27:17","slug":"indonesia-launches-its-own-national-cryptocurrency-exchange","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/","title":{"rendered":"Indonesia Launches Its Own National Cryptocurrency Exchange"},"content":{"rendered":"\n<p>As governments around the world start to embrace digital currencies, the crypto market is experiencing significant growth. Adding to this trend is Indonesia, which has recently announced the operation commencement of its national cryptocurrency exchange. On July 20, the Commodity Futures Trading Supervisory Agency [CFTRA] officially kicked off the exchange, a historic event in the nation&#8217;s financial landscape.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-delays-and-finally-a-launch\">Delays and Finally, a Launch<\/h2>\n\n\n\n<p>Initially slated for a late 2021 debut, the government experienced delays. The most recent setback happened in February 2023. Regardless, on July 17, the Nasdaq-style cryptocurrency exchange finally began operating.<\/p>\n\n\n\n<p>As part of the exchange set up, the CFTRA decree called for the establishment of a Futures Clearing House. This crucial intermediary is charged with facilitating smooth transactions between buyers and sellers. Speaking on this development, Didid Noordiatmoko, the head of Indonesia\u2019s Commodity Futures Trading Supervisory Agency [Bappebti], stated,<\/p>\n\n\n\n<p>\u201cThe creation of exchanges, clearing houses, and crypto asset storage managers demonstrate the government&#8217;s commitment to fostering a fair and transparent crypto asset trading environment. This initiative guarantees legal certainty and prioritizes public protection as customers.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Implication for Existing Indonesian Exchanges<\/h2>\n\n\n\n<p>At the start of the year, Indonesia had around 383 tradable crypto assets and 10 local coins. Bappebti was also reviewing an additional 151 assets and 10 coins at that time.<\/p>\n\n\n\n<p>However, this latest platform is now the only authorized venue for legal crypto exchange in the country. Interestingly, this platform&#8217;s regulatory framework aims to align domestic transactions with global market trends. Licensed traders have been given a one-month registration window on the exchange, anticipating a swift response from Indonesia&#8217;s existing crypto community.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As governments around the world start to embrace digital currencies, the crypto market is experiencing significant growth. Adding to this trend is Indonesia, which has recently announced the operation commencement of its national cryptocurrency exchange. On July 20, the Commodity Futures Trading Supervisory Agency [CFTRA] officially kicked off the exchange, a historic event in the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,43],"tags":[],"class_list":{"0":"post-2221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Indonesia Launches Its Own National Cryptocurrency Exchange<\/title>\n<meta name=\"description\" content=\"As governments around the world start to embrace digital currencies, the crypto market is experiencing significant growth. Adding to this trend is\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indonesia Launches Its Own National Cryptocurrency Exchange\" \/>\n<meta property=\"og:description\" content=\"As governments around the world start to embrace digital currencies, the crypto market is experiencing significant growth. Adding to this trend is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-21T14:27:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-21T14:27:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/indonesia-rupiah.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raj Sharma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raj Sharma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/\"},\"author\":{\"name\":\"Raj Sharma\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149\"},\"headline\":\"Indonesia Launches Its Own National Cryptocurrency Exchange\",\"datePublished\":\"2023-07-21T14:27:14+00:00\",\"dateModified\":\"2023-07-21T14:27:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/\"},\"wordCount\":270,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/indonesia-rupiah.jpeg?fit=800%2C533&ssl=1\",\"articleSection\":[\"Exchange\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/\",\"name\":\"Indonesia Launches Its Own National Cryptocurrency Exchange\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/indonesia-launches-its-own-national-cryptocurrency-exchange\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/indonesia-rupiah.jpeg?fit=800%2C533&ssl=1\",\"datePublished\":\"2023-07-21T14:27:14+00:00\",\"dateModified\":\"2023-07-21T14:27:17+00:00\",\"description\":\"As governments around the world start to embrace digital currencies, the crypto market is experiencing significant growth. 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