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Indonesia: Minister reveals plans to launch state-backed crypto-exchange

Sara Zhang

Summary: According to Tempo.co, Indonesia’s Deputy Minister of Trade Jerry Sambuaga’s declaration made headlines, with highlighting the grave interest governments such as Indonesia’s are taking in the cryptocurrency ecosystem. Speaking at a webinar on crypto-assets, Sambuaga revealed the Ministry’s plans to establish a crypto-exchange to “accommodate crypto-assets.” He stated: “In the near future, maybe within the coming months, ...

According to Tempo.co, Indonesia’s Deputy Minister of Trade Jerry Sambuaga’s declaration made headlines, with highlighting the grave interest governments such as Indonesia’s are taking in the cryptocurrency ecosystem. Speaking at a webinar on crypto-assets, Sambuaga revealed the Ministry’s plans to establish a crypto-exchange to “accommodate crypto-assets.” He stated: “In the near future, maybe within the coming months, or maybe even next month there will be an exchange especially regulating and accommodating the trades of these crypto commodities.”

by Sara Zhang

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