{"id":534897,"date":"2023-01-04T12:00:43","date_gmt":"2023-01-04T09:00:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/indonesia-to-launch-national-crypto-exchange-in-2023-report\/"},"modified":"2023-01-04T12:00:43","modified_gmt":"2023-01-04T09:00:43","slug":"indonesia-to-launch-national-crypto-exchange-in-2023-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/indonesia-to-launch-national-crypto-exchange-in-2023-report\/","title":{"rendered":"# Indonesia to launch national crypto exchange in 2023: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ab72c459f1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ab72c459f1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/indonesia-to-launch-national-crypto-exchange-in-2023-report\/#%E2%80%9D_Indonesia_to_launch_national_crypto_exchange_in_2023_Report_%E2%80%9C\" >&#8221; Indonesia to launch national crypto exchange in 2023: Report  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Indonesia_to_launch_national_crypto_exchange_in_2023_Report_%E2%80%9C\"><\/span>&#8221; Indonesia to launch national crypto exchange in 2023: Report  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvMzZmNWI5NjUtYzI5Mi00ZGY4LWJjMzYtNTU5MjRhNmVjYTg5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ed77c39>As a part of its reform of crypto regulation, Indonesia will create a crypto exchange in 2023, according to reports. The platform is planned to be launched prior to a shift of regulatory power from commodities to securities authority.\u00a0<\/p>\n<p>On Jan. 4, the head of the Commodity Futures Trading Regulatory Agency of Indonesia (B<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ebti), Didid Noordiatmoko, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-04\/indonesia-to-start-crypto-exchange-ahead-of-regulatory-shift?leadSource=uverify%20wall\">stated<\/a> that a crypto exchange should be set up this year. The move comes as a part of broader financial reform launched in December 2022. <\/p>\n<p>In accordance with the reform, in the next two years, the crypto oversight will be taken from Bappebti, a commodities-focused agency, by the Financial Services Authority (FSA). <\/p>\n<p>The Financial Sector Development and Reinforcement bill (P2SK) was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.idnfinancials.com\/news\/45430\/dpr-ratifies-psk-bill-omnibus-law-financial-sector\">ratified<\/a> by the House of Representatives of Indonesia on Dec. 15 to become the primary legal reference in the financial service sector. Explaining the shift of authority from Bappebti to the FSA, cemented by the bill, Suminto Sastrosuwito, a head of Financing and Risk Management of the national finance ministry, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/economy.okezone.com\/read\/2022\/12\/22\/278\/2732243\/uu-p2sk-atur-pengawasan-aset-kripto-di-ojk\">claimed<\/a> that:<\/p>\n<blockquote><p>\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><\/blockquote>\n<p>Indonesia imposed a blanket ban on crypto payments starting in 2017, while trading in digital assets has largely remained legal in the country. In the first days of January, Noordiatmoko <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/economy.okezone.com\/read\/2023\/01\/04\/622\/2740007\/crypto-winter-2023-nasib-bitcon-cs-anjlok-lagi\">revealed<\/a> that the value of crypto transactions in the country fell by half in 2022 \u2014 from 859.4 trillion Indonesian rupiahs ($55 million) to 296.66 trillion ($19 million).\u00a0<\/p>\n<p><strong><em><u>Related: <\/u><\/em><\/strong><strong><em>Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators<\/em><\/strong><\/p>\n<p>In December, Bank of Indonesia Governor Perry Warjiyo announced the release of the conceptual design of a digital rupiah \u2014 a currency the equivalent of the country\u2019s fiat \u2014 which will be made available for public discussion. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/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\/indonesia-to-launch-national-crypto-exchange-in-2023-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Indonesia to launch national crypto exchange in 2023: Report &#8220; As a part of its reform of crypto regulation, Indonesia will create a crypto exchange in 2023, according to reports. The platform is planned to be launched prior to a shift of regulatory power from commodities to securities authority.\u00a0 On Jan. 4, the head&#8230;<\/p>\n","protected":false},"author":1,"featured_media":534898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/36f5b965-c292-4df8-bc36-55924a6eca89.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[110761,72673,70934,72287],"class_list":["post-534897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-commodities-investment","tag-indonesia","tag-regulation","tag-security"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534897","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=534897"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/534898"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=534897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=534897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=534897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}