Indonesia Approves Cryptocurrency Futures Trading, Prepares Regulation

[kreslik.news]

Indonesian financial media outlet Kontan reports that cryptocurrency futures trading is now legal in the country. This is another surprising development from a land whose central bank banned all cryptocurrency transactions only 6 months ago.

Specifically, in December 2017 Agus Martowardojo, Governor of Bank Indonesia, said that payment providers will be prohibited from conducting business with parties connected with digital currency, and a law was passed rendering all transactions executed using a non-approved fiat currency illegal.

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