The Financial Services Authority of Indonesia has formally licensed ICEx, recognizing it as the second official cryptocurrency exchange in the country. This move aims to enhance the regulatory framework and support the growth of the crypto ecosystem.
ICEx has received 1 trillion Indonesian Rupiah (around 70 million USD) in funding from local digital asset firms, which will aid in establishing its operations and market presence.
OJK highlighted that having two official exchanges is essential for fostering a robust cryptocurrency market, allowing ICEx to manage transactions and uphold market integrity.
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