Indonesian government releases list of 501 cryptocurrencies allowed to trade

Indonesian government releases list of 501 cryptocurrencies allowed to trade

Government of Indonesia in a recent white paper recognized over 500 cryptocurrencies that can be traded on physical markets.

The list includes well-known cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), Cardano (ADA), Ripple (XRP), Polkadot (DOT), Sandbox (SAND), Uniswap (UNI ). ) and many others.

Noted Chinese reporter Colin Wu brought the event to the attention of the crypto community, sparking discussions about Indonesia’s crypto-friendly stance and potential plans to allow cryptocurrencies as legal tender.

It is worth noting that among the listed tokens were those that are recognized as securities US Securities and Exchange Commission (SEC).

Following the news, an Indonesian YouTuber expressed pride in his country’s crypto-friendly status, emphasizing that Indonesia is currently considering cryptocurrency as a commodity. However, he acknowledged that cryptocurrencies are not yet allowed as a means of payment domestically.

The YouTuber has hinted at the possibility that Indonesia will allow cryptocurrencies for payments. He noted that although bitcoin is not currently allowed as a means of payment in the country, efforts are being made to make it legally acceptable in this regard.

Indonesia is a crypto-friendly country. January of this year he launched a cryptocurrency exchange after the change in regulatory powers. Later in February, he proposed the National Digital Asset Exchange.

The decision of the Indonesian government to expand the list of tradable tokens once again reflects the progressive approach to digital assets. As the country explores the regulatory landscape of cryptocurrency-related issues, the future looks promising for Indonesian crypto enthusiasts.

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