As you know, this is the 1st crypto exchange managed by the Indonesian government. so there's a big chance affect to bitcoin price.
The main positive impact of having a crypto futures exchange managed by the government is local investors.
They (local investors) will be more enthusiastic in carrying out investment activities because they are increasingly protected regarding legal certainty.
Regarding the price impact, I don't think it will have a big effect on bullish or bull run because the price is very influential on issues that occur internationally as said by Didid Said depending on the development of the international market in the quote you listed.
For the crypto coins to be sold, Didid said, Bappebti wants them to be local but still abreast of international market developments, including the question of prices, provided they are approved by Bappebti.
what are your thought?
I am happy and welcome their decision.
With the presence of this crypto futures exchange, I wonder what will be the fate of exchanges that have been operating in Indonesia such as indodax and tokocrypto which are registered with Bappebti.