Diksia.com - JAKARTA, Indodax Chief Technology Officer (CTO) William Sutanto said his party is still waiting for the crypto exchange to open in Indonesia.
In his opinion, the presence of crypto exchanges offers positive value as derivative futures assets can be traded in Indonesia.
“So if derivatives can be traded later, it means we are not lagging behind compared to those overseas,” he said at the launch of the NFT Nusa Finance Marketplace in Sarinah Jakarta on Thursday (07/06/2023).
William said derivative assets cannot be managed in Indonesia due to the regulatory framework that requires futures (futures contracts) to be settled through crypto exchanges.
“If there is a crypto exchange, we can only track FTX overseas, that’s a positive,” he said.
Previously, the Commodity Futures Trading Supervisory Agency (Bappebti) was just discussing the launch of a crypto exchange in Indonesia, which is expected to launch no later than July 2023.
Progress is now at 75 percent.
“The progress of the crypto exchange remains on schedule, the target is June and the launch will be no later than early July,” said the head of Bappebti Tirta Karma Senjaya’s Market Development and Development Bureau.
The most important thing when starting a crypto exchange is sufficient capital.
“We are also in the process of setting up clearing and custodian banks so that they are operational,” Tirta said.
