Until the end of 2022, the Indonesian authorities want to launch their bitcoin exchange. For the first time, the government announced plans to create a national cryptocurrency platform last year.
This year, the authorities want to implement the project, but the timing will be adjusted in case of any problems, said Deputy Minister of Commerce Jerry Sambuaga.
He emphasized: "We will endeavor to ensure that all regulatory requirements and procedures are followed."
The Central Bank of Indonesia recently recognized the gigantic potential of cryptocurrencies. According to Central Bank Chairman Doni Primanto Joevono, the introduction of an innovative tool will contribute to the modernization of the state's financial sector.
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Representatives of crypto exchanges operating in the Indonesian market support the project to create a national trading platform.
Tokokrypto platform CEO Pang Hue Kai said that the emergence of an official exchange for digital currency transactions will contribute to more active implementation of such assets in the country.
According to the Commodity Futures Trading Agency of Indonesia, approximately 4% of the country's population regularly invests in bitcoin and other virtual coins.