Indonesia aims to have crypto exchange that protects investors
— Indonesian rupiah, 60 bullish, Market, Retail cbdc, Providing sufficient education, Central bank digital currency ). read, Comments, Increase, Eth miner, Swap short — 1 min read
Indonesia's deputy minister of trade says country's young population gives it an advantage in the cryptocurrency sector. Country's number of investors is recorded at 12.5 million users. Indonesia's central bank is also looking to launch a retail bank digital currency. The country's stock exchange sees anaemic levels of trading it digital peer, Indodax, is Southeast Asia’s biggest crypto bourse. The exchange offers a slew of cryptocurrencies leading BTC/IDR as well including AAVE, ADA, 1INCH, all in local currency. Indonesia rupiah is the 17th largest fiat currency into BTC globally but that still placed it second in Southeast Asia, behind Singapore, behind the region's financial centre Singapore. One Indonesian retail ETH miner Milo told Capital.com there was ample liquidity for converting digital assets in Source