Indonesia Requires All Crypto Exchanges to Register with National Bourse for Digital Assets

The Indonesian government has mandated that all crypto exchanges operating in the country must register with the newly launched national bourse for digital assets. The Commodity Future Exchange (CFX) is designed to operate like traditional stock exchanges but with a focus on digital assets. The government hopes that the bourse will help monitor asset liquidity and record crypto transactions for tax purposes. Indonesia has more than 18 million registered crypto traders compared to around 12 million stock traders, according to official data from 2023.