{"id":43393,"date":"2023-01-04T16:05:27","date_gmt":"2023-01-04T20:05:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=43393"},"modified":"2023-01-04T16:05:30","modified_gmt":"2023-01-04T20:05:30","slug":"indonesia-to-launch-national-crypto-exchange-in-2023","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/indonesia-to-launch-national-crypto-exchange-in-2023\/","title":{"rendered":"Indonesia to launch national crypto exchange in 2023"},"content":{"rendered":"\n
Indonesia plans to set up a crypto stock exchange in 2023<\/a>, ahead of moving regulatory powers to securities authorities.<\/h5>\n\n\n\n
\"Indonesia
Indonesia to launch national crypto exchange in 2023<\/figcaption><\/figure>\n\n\n\n

According to reports, Indonesia will establish a cryptocurrency exchange <\/a>in 2023 as part of its overhaul of the laws governing cryptocurrencies. Prior to the transfer of regulatory jurisdiction from the commodities authority to the securities authority, the platform is scheduled to launch.<\/p>\n\n\n\n

A cryptocurrency exchange should be established this year, according to Didid Noordiatmoko, the head of the Commodity Futures Trading Regulatory Agency of Indonesia (Bappebti), who made this statement on January 4.<\/p>\n\n\n\n

The action is a part of a larger financial reform initiative that was started in December 2022. According to the proposal, the Financial Services Authority<\/a> will take over cryptocurrency regulation within the next two years from Bappebti, an organization that focuses on commodities.<\/p>\n\n\n\n

The Financial Sector Development and Reinforcement bill (P2SK), which will serve as the main legal framework for the financial services industry, was approved by the Indonesian House of Representatives on December 15. <\/p>\n\n\n\n

Suminto Sastrosuwito, the director of financing and risk management\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> at the national finance ministry, provided the following justification for the authority transfer from Bappebti to the FSA, which was made official by the bill:<\/p>\n\n\n\n

\n

\u201cIn fact, crypto assets have become investment and financial instruments, so they need to be regulated on an equal basis with other financial and investment instruments.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Starting in 2017, Indonesia put a complete prohibition on cryptocurrency payments, while the country has mainly allowed the trading of digital assets.<\/p>\n\n\n\n

Noordiatmoko announced in the first few days of January that in 2022, the value of cryptocurrency transactions in the nation decreased by half, from 859.4 trillion Indonesian rupiahs ($55 million) to 296.66 trillion ($19 million).<\/p>\n\n\n\n

The conceptual design of a digital rupiah, the counterpart of the nation's fiat currency, was released for public discussion in December, according to Bank of Indonesia Governor Perry Warjiyo<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Indonesia plans to set up a crypto stock exchange in 2023, ahead of moving regulatory powers to securities authorities. According to reports, Indonesia will establish a cryptocurrency exchange in 2023 as part of its overhaul of the laws governing cryptocurrencies. Prior to the transfer of regulatory jurisdiction from the commodities authority to the securities authority, […]<\/p>\n","protected":false},"author":43,"featured_media":43395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1406,390,884],"class_list":["post-43393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-crypto-exchange","tag-indonesia","tag-regulations"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/IMG-20230104-WA0132.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=43393"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/43395"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=43393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=43393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=43393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}