INDONESIA

The approval of the deal is now pending with the Indonesian financial regulator.

The country has 4.45 million registered crypto investors, according to Bappebti.

Many international CFD brokers mainly from Europe & Australia have started to offer their services in these regions.

Payfazz made a strategic investment in the Singapore-based firm to establish Fazz Financial Group.

The country is now home to at least 322 fintech companies across a number of different subsectors.

The exchange is planning for local expansion.

The exchange is expanding its business across the Asia-Pacific region.

The central bank of Indonesia will limit foreign ownership of electronic trading platforms to 49 per cent.

The platform, previously known as Monaco, also provides pre-paid cryptocurrency cards.

Cryptocurrency future exchanges wanting to operate in Indonesia must be registered before they can operate in the country.

Laws will govern exchanges, wallets and mining operations, and trading will be taxed.

Indodax may soon have more users than the country's biggest traditional stock market.

The expansion marks the first time a South Korean exchange enters the global markets.

Alibaba's cloud computing arm recently began operations at its first Indonesia-based data center.‎

In spite of the popularity, the government is not allowing businesses to embrace cryptocurrencies.

Indonesia passes legislation declaring all digital currency transactions illegal.

Domestic conditions in Russia have led brokers to explore new markets, including Southeast Asia.

Asia has a number of attractive demographics appealing to brokers, though the region also poses several barriers.

The decision was taken after JPMorgan downgraded its rating for Indonesian bonds to "underweight" from "overweight".

This new partnership expands OKLink’s payment options in Indonesia for transfer companies worldwide.

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