Indonesia has taken a substantial stride in its efforts to regulate its burgeoning cryptocurrency sector. As announced this week, the Southeast Asian nation has launched a national crypto asset exchange. This move is designed to provide regulators with transaction records, offering protection for cryptocurrency investors across the country.

Simultaneously, Indonesia has also unveiled a clearing house to supplement its monitoring capabilities in this rapidly expanding industry. This development comes amid a broader shift in the country’s regulatory landscape, as explained by the Commodity Futures Trading Regulatory Agency (Bappebti).

Establishing A Regulatory Framework

Indonesia has an interesting relationship with cryptocurrencies. Although their use as a means of payment is …