Indonesia to establish ‘crypto stock’ exchange by 2022-end

Indonesia’s government plans to establish a “crypto stock” exchange by the end of 2022, according to a report by DealStreetAsia, citing a minister.

The Indonesian government sees the exchange as a means of protecting consumers as interest in digital currencies has risen. Crypto transactions in Indonesia totaled 859.4 trillion rupiah ($57.6 billion) in 2021 with the number of users reaching 15.1 million as of June this year, according to Bappebti.