Indonesia has launched the world’s first state-backed cryptocurrency exchange, supervised by the Commodities Futures Trading Supervisory Agency.
Key Takeaways
- Indonesia has launched the world’s first state-backed cryptocurrency bourse, aiming to strengthen the regulatory environment and develop a safe and fair crypto trading ecosystem.
- The country’s fintech industry, dominated by P2P lending and e-payment platforms, offers opportunities for foreign investors to serve the underbanked population and fulfill the industry’s potential.
- With a high smartphone penetration rate and a large population of unbanked individuals, Indonesia presents a promising market for foreign e-wallet companies that prioritize customer-centric experiences and offer a variety of local payment methods.
The bourse will list licensed crypto companies and aims to strengthen the regulatory environment for the…
