As adoption of cryptocurrencies increases, some countries are launching new initiatives to have the trading of these assets under their own control.
The last move in this regard came from Indonesia. According to Reuters, the Indonesian government has launched a national crypto-asset exchange to protect crypto investors and record transactions.
While the use of cryptocurrencies as a means of payment is not allowed in Indonesia, similar to Turkey, there is no obstacle for people to invest in cryptocurrencies.
In the statement made by Indonesia's Commodity Futures Regulatory Authority, it was stated that with this exchange, the developing crypto industry can be monitored more closely and this experience can be used in the law-making phase.
As of June, there are 17.54 million people investing in cryptocurrencies in Indonesia. This number is well above registered exchange users. Indonesia's population in 2022 is 277 million.
