As part of the rules, the Indonesia Futures Exchange Supervisory Board will oversee a new physical market for virtual currency futures trading, as well as upholding robust standards for tradable crypto assets.
The Indonesian ride-hailing giant announced that it is acquiring a “substantial” number of shares of the Philippine-based fintech company, Coins.ph.
Upbit, one of the biggest cryptocurrency exchanges in South Korea, has reportedly set up a website for crypto exchanges in Thai and Indonesian languages, as part of its attempt to market its trading services to customers in the two Asian countries.
In a move that will propel the country forward in the cryptocurrency space, Indonesia has announced that domestic trading exchanges can accept cryptocurrencies as commodities.
The Indonesian demographic is particularly poised to adapt to crypto businesses because of their innate curiosity, says the Bitcoin Indonesia CEO. %%sitename%% news for %%date%%.