{"id":379136,"date":"2021-12-10T12:41:29","date_gmt":"2021-12-10T09:41:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-reportedly-in-talks-to-launch-crypto-exchange-in-indonesia\/"},"modified":"2021-12-10T12:41:29","modified_gmt":"2021-12-10T09:41:29","slug":"binance-reportedly-in-talks-to-launch-crypto-exchange-in-indonesia","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-reportedly-in-talks-to-launch-crypto-exchange-in-indonesia\/","title":{"rendered":"# Binance reportedly in talks to launch crypto exchange in Indonesia"},"content":{"rendered":"<p>&#8220;<strong># Binance reportedly in talks to launch crypto exchange in Indonesia <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvMTk4NGMxMGYtOWMwMi00NGMxLWFjODEtNWZkNGJjNjZmMDM1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Binance, the world\u2019s largest crypto exchange by trading volume, is reportedly in talks with Indonesia\u2019s richest family, the Hartonos, to open a crypto exchange.\u00a0<\/p>\n<p>As per a report published in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-10\/binance-weighs-crypto-venture-with-indonesia-s-richest-family\">Bloomberg<\/a>, Binance Holdings Ltd. is looking to finalize a crypto venture with billionaire siblings Budi and Michael Hartonos-controlled PT Bank Central Asia (BCA), and Indonesia\u2019s largest state-owned telecom firm PT Telkom Indonesia.\u00a0<\/p>\n<p>The report also claimed that the BCA may enter into the partnership using a separate business entity and the terms of the partnership could vary at the time of finalization. If finalized, it would be the second crypto venture for Binance in Indonesia. The first came in the form of a partnership with crypto trading platform Tokocrypto.<\/p>\n<p>A new crypto venture involving the country\u2019s richest family and the largest telecom firm would give Binance a strong foothold in the country with positive crypto regulations. The Indonesian government treats the crypto market as an investment class and allows its trading alongside commodity futures.<\/p>\n<p>BCA didn\u2019t im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to Cointelegraph\u2019s requests for comments. Binance declined to comment.<\/p>\n<p><strong><em>Related:\u00a0Binance plans to become registered UK firm despite regulatory setbacks<\/em><\/strong><\/p>\n<p>After facing major regulatory challenges in the second and third quarters of 2021, Binance is now looking to expand its footprint in the Asia Pacific region. The Singapore arm of the crypto trading giant recently acquired an 18% stake in a local private securities exchange, Hg Exchange. The crypto exchange giant led another <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-labs-leads-%2415-million-seed-round-for-bbs-network-421499824684903126\">$1.5 million funding round<\/a> for an Asian tokenized messaging platform, the BBS Network.<\/p>\n<p>Apart from new acquisitions and fundings, Binance\u2019s sister company in the United States, Binance.US, is reportedly in the final stages of closing a multi-million funding round. Changpeng Zhao, the CEO of the global exchange, had revealed in November this year that the firm is expected to raise \u201ca couple hundred million.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-reportedly-in-talks-to-launch-crypto-exchange-in-indonesia\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Binance reportedly in talks to launch crypto exchange in Indonesia &#8221; Binance, the world\u2019s largest crypto exchange by trading volume, is reportedly in talks with Indonesia\u2019s richest family, the Hartonos, to open a crypto exchange.\u00a0 As per a report published in Bloomberg, Binance Holdings Ltd. is looking to finalize a crypto venture with billionaire&#8230;<\/p>\n","protected":false},"author":1,"featured_media":379137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvMTk4NGMxMGYtOWMwMi00NGMxLWFjODEtNWZkNGJjNjZmMDM1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74862,74860,25196,71939,117,72673,71407],"class_list":["post-379136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin","tag-cryptocurrency-exchange","tag-asia","tag-banks","tag-business","tag-indonesia","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/379136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=379136"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/379136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/379137"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=379136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=379136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=379136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}