Quote from: _act_ on Today at 10:26:56 AM

Quote from: bittraffic on Today at 07:46:40 AM

The government owns the crypto exchange that's cool. Is this the first where an exchange is owned by the government?
I can already see where the market will go and what will happen to the existing exchanges today like coinbase seem to be favored by the government as it partners with Blackrock. I guess Coinbase will be officially the crypto exchange for US citizens. Binance will be China? Definitely Grin

Anyway, we all have out local exchanges, I guess I will also assume our exchange will be government owned as well.

This will be the first that I have heard of.

Coinbase is not only the crypto exchange that is existing in United States, there are other ones like Binance.us, Kraken and some other exchanges in United States.

Binance headquarter was in China before, but no more there since many years ago. Most countries in the world allows Binance.com to render its products and services to their citizens.

Quote from: Sayeds56 on Today at 10:13:36 AM

Its very good news and inspiring development for Indonesian investors/traders, as well as for overall adoption and growth of crypto industry. Given that Asia is the ls the most populous continent, crypto friendly policies implemented by the governments of the regional countries can play pivotal role for establishing it as widely accepted method of payment and appealing option for long term investment.

I do not see it as a good news, I prefer crypto exchanges to be private, instead of government to be the one in control directly. If Indonesians have alternatives, that is better in my own opinion.

From that I have read the US government afaik gives a directive to Binance.us where only US citizens can be their employees. That tells something is pretty much what is happening. To other US exchanges like Kraken, I think it's no problem for them as they are US company.

The Indonesian government mandated that all crypto transactions can only be done through this exchange. This is pretty slick because apart that they collect KYC, they can also trace all the wallet addresses linked to whichever coins passes thru this exchange.