After a Year of Silence, Country X Reaches Out to the US for Trade Negotiations
The country's deputy trade minister confirmed the intention to begin trade negotiations with the United States, for the first time voiced in last year.
This is good news for digital asset investors in Indonesia. The government's plan to set up a digital assets exchange will provide a boost to the market and help to legitimize cryptocurrencies in the country. The exchange is expected to be up and running by the end of 2022, and it will be a great way for investors to get involved in the growing digital asset market in Indonesia.
Although the launch of Indonesia's crypto bourse has been delayed, the country's deputy trade minister Jerry Sambuaga has confirmed that it is still in the works. Additional preparations are needed before the exchange can go live, but it remains a priority for the Indonesian government. This is positive news for the cryptocurrency industry, as it shows that even countries with previously hostile stances towards digital assets are beginning to see their potential. With proper regulation, crypto exchanges can provide a valuable service to investors and help promote the adoption of blockchain technology.
“We will make sure that every requirement, procedure and the necessary steps have been taken.”
It is exciting to see that the Indonesian government is making progress on its plan to launch a new stock exchange. This will provide a much-needed boost to the country's economy and bring more opportunities for businesses and investors. There are still some preparatory tasks to be completed before the launch, such as assessing which entities will be eligible to list on the exchange and setting the minimum requirements for them. However, it is encouraging to see that progress is being made
I believe that the bourse project will be a great catalyst for the Indonesia crypto ecosystem. It has the potential to bring more legitimacy to the industry and attract more investors. I think it is a positive development for the country.
With the launch of a national crypto bourse in Indonesia, investors will have access to a wider range of digital assets and be able to trade them more easily. This will boost the country's economy and create more opportunities for businesses and individual investors alike.
The move by PT GoTo Gojek Tokopedia Tbk to buy a local crypto exchange is a positive step for the company. With the acquisition, the company will be able to diversify its assets and expand its operations in the crypto space. This will ultimately benefit PT GoTo Gojek Tokopedia Tbk shareholders and help the company grow its business.
As the popularity of cryptocurrencies continues to grow globally, it is no surprise that Indonesia has seen a massive increase in crypto trading activity in recent years. According to data from the country's Commodity Futures Trading Regulatory Agency, the total transaction volume of crypto assets in Indonesia rose more than 1,000% in 2021 compared to the previous year, reaching 859.4 trillion rupiahs (approximately $57.7 billion). This represents a significant increase in both the number of people investing in cryptocurrencies and the amount of money being traded. Roughly 4% of Indonesia's population, which is a little under 11 million people, are now investing in cryptocurrencies. This trend is likely to continue as more and more
