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Jinse Finance reported that according to a statement from Indonesia’s Commodity Futures Trading Regulatory Agency (CFTRA), the national cryptocurrency exchange announced by the Indonesian government a week ago has begun operations. The platform will be the only one in the country that allows the legal exchange of digital assets.


CFTRA confirmed that the exchange opened on July 20. In addition, CFTRA's decree establishes a futures clearing house in conjunction with exchanges. Clearing houses are essentially mediators between buyers and sellers, ensuring that transactions go through smoothly.
It was previously reported that CFTRA will limit cryptocurrency sales to local transactions while keeping it in line with international market developments. Licensed traders will have one month to join the exchange.
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