To uphold accountability, Indonesia is looking to appoint natives as directors of digital asset exchange firms, ensuring stakeholders of rapid action should the sector run into financial woes.
JAKARTA - Indonesia's trade ministry plans to issue a new rule governing crypto asset exchanges, requiring two-thirds of the board of directors and commissioners to be Indonesian citizens and reside in the country, a deputy minister said Tuesday (Sept 20). The measure comes following financial issues faced by Southeast Asia-focused cryptocurrency exchange Zipmex, which temporarily prevented users from withdrawing funds..
Majority of Board Members of Crypto Exchanges Must be Citizens: Indonesia s New Rules tokenist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tokenist.com Daily Mail and Mail on Sunday newspapers.