The Indonesian government will launch a national crypto exchange as part of its financial sector reform. reported Bloomberg agency.
The project is scheduled to be completed in 2023 before a new regulator is empowered to oversee the circulation of cryptocurrencies in the country.
Currently, the local Commodity Futures Trading Regulatory Authority (BAPPEBTI) is in charge of overseeing crypto assets in Indonesia. The representative of this institution said that the Financial Services Authority (FSA) will take over this task in the next two years.
In the second half of December, the US Securities and Exchange Commission stated about two companies where bankrupt crypto exchange FTX has sent $200 million in funds from clients.
At the end of December, Esperio Senior Analyst Anton Bykov warnedHe said that Binance, the world’s largest crypto exchange, poses several significant risks to customers in Russia, but has not been seen in any scams.
Prior to that, Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, warned Company employees are facing tough times as extensive asset reviews begin.