Indonesia launches national cryptocurrency exchange amid 69% drop in transaction volume

Indonesia launched a national cryptocurrency exchange that became operational on July 17, according to a July 20 statement from the Commodity Futures Trading Supervisory Agency (Bappebti).
The country also announced that its futures clearing house has been operational since July 17.
Per the press statement, PT Bursa Komoditi Nusantara got the approval for a crypto asset Futures Exchange, while PT Kliring Berjangka Indonesia will clear transactions on this platform. The authorities approved PT Tennet Depository Indonesia as the crypto asset storage manager.
Didid Noordiatmoko, the head of Bappebti, said that these platforms’ establishment was evidence of the government’s efforts to create a fair crypto ecosystem.
“The establishment of exchanges, clearing houses, and managers of crypto asset storage is proof that the government is present in an effort to create a fair and fair crypto asset trading ecosystem to guarantee legal certainty and prioritize protection for the public as cu

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