Indonesia has reportedly planned to set up a crypto exchange this year before the Financial Services Authority takes over the Commodity Futures Trading Regulatory Agency to regulate the crypto assets market. Cryptocurrency and digital assets are now recognized as regulated financial securities in the country. The country’s crypto market still recorded growth despite the crypto turmoil last year and the Bloomberg reported that there were 16 million investors in the first 11 months of 2022.
Source: https://www.bloomberg.com
