Yugocean
Valued Contributor
Indonesia, a country with a soft attitude towards crypto, has announced plans to launch a national cryptocurrency exchange this year.
Its positive and negative views are already becoming a topic of discussion.Positive Chance: Being a government exchange, the chances of it becoming a scam are minimal. Moreover, investors can benefit from the exchange in same way as investing in any government projects / institutions.
Negative Chance: This would lead to investors' crypto going under government control, which is contrary to the ideology on which crypto was built.
Uncertainty- The exchange will only be able to list cryptos that the government approves of; it also provides the possibility of preventing scam cryptos and increasing the uncertainty of scams due to corruption.
Since this plan is from Bappebti, the regulatory body for commodity futures trading, it will treat crypto as a commodity in Indonesia. So, crypto being commodity or Security or Neutral, every dispute might arise later.
Negative Chance: This would lead to investors' crypto going under government control, which is contrary to the ideology on which crypto was built.
Uncertainty- The exchange will only be able to list cryptos that the government approves of; it also provides the possibility of preventing scam cryptos and increasing the uncertainty of scams due to corruption.
Since this plan is from Bappebti, the regulatory body for commodity futures trading, it will treat crypto as a commodity in Indonesia. So, crypto being commodity or Security or Neutral, every dispute might arise later.
