Binance Invests in Regulated Indonesian Crypto Exchange

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Binance Invests in Regulated Indonesian Crypto Exchange

doesn’t like to reveal where it’s based, announced Tuesday morning the funding would go toward growing Tokocrypto’s business, such as building out new offerings and products, improving the tech stack, as well as expanding its customer base. Launching in 2018, Tokocrypto became the first exchange to be regulated by Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI) in 2019. Indonesia is quite strict when it comes to digital assets. Crypto is effectively outlawed as a means of payment and new regulations passed earlier this year require investors to put up high minimum capital in order to trade crypto derivatives. But within…

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