The bourse - called the Commodity Future Exchange (CFX) - is designed to operate similarly to traditional stock exchanges like NASDAQ but with a specific focus on digital assets.
All 'legal' crypto exchanges operating in Indonesia since 2014 are lumped into one category called 'prospective crypto exchanges' because the authorization regime came later.
"There is a deadline for prospective crypto exchanges. If they do not register by the specified time, they will automatically be unable to operate in Indonesia," Robby said, adding that the deadline is Aug. 17, 2024.
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