Indonesian crypto exchange is announced as a part of the plan to shift the regulatory oversight from the commodities agency to the securities authority.
JAKARTA, Indonesia, Dec. 6, 2022 /PRNewswire/ The Draft Law on the Development and Strengthening of the Financial Sector (RUU PPSK)which is being formulated by Commission XI of the DPR RI aims to create sustainable inclusive and positive economic growth. The PPSK Bill is designed in the Omnibus Law concept which integrates around 16 laws in the financial sector. Crypto assets are proposed to be one of the sectors included in the PPSK Bill as part of the financial sector technological innovation (ITSK). With its development, crypto assets are considered worthy of being one of the future investment instruments. This was also conveyed by Binance CEO Changpeng Zhao at the B20 Summit in Bali, Zhao said "for now 99% of a person's wealth is still in the form of fiat currency or still using the traditional financial system. However, in the longer term predictions, DeFi and crypto could potentially replace fiat or traditional currencies." Zhao also sees that "more and more