The Indonesian authorities intend to launch a crypto trading platform before the end of the year.
According to the country's Deputy Trade Minister Jerry Sambuaga, the aim of the initiative is to protect investors against the growing interest in digital assets, local publications have reported.
The exchange was originally planned to be launched last year, however, the project was postponed.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
According to Sambuag, the delay was due to scrupulousness in the preparation of all processes, which include screening and verification of participants for compliance with requirements.
According to local regulator BAPPEBTI, by June, the number of crypto users in the country reached 15.1 million people, whereas the turnover of digital assets by 2021 amounted to $57.6 billion.