Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators

Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators


Jerry Sambuaga, the deputy minister of Indonesia’s Ministry of Trade, has proposed a rule that would require the leadership at the country’s crypto exchanges to be more representative of its citizens. 

In a Tuesday parliamentary meeting that included Indonesian regulatory officials, a letter submitted by Sambuaga suggested several policy changes in response to the “interesting year for the development of physical trading of crypto assets” in the country. Among the proposed rules is a requirement for two-thirds of directors and commissioners at crypto firms to be “Indonesian citizens and domiciled in Indonesia.”

Proposed changes to Indonesia’s Commodity Futures Trading Regulatory Agency on crypto. Source: YouTube

Trending: Media Silent On Jill Biden’s Hurricane Heels After Melting Down Over Melania Trump’s

A Wednesday report from Bloomberg suggested that the proposed changes to the country’s crypto policy may have been influenced by the legal battle involving Terra

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend