Indonesia has extended the deadline for cryptocurrency exchanges to comply with new licensing requirements until the last week of November 2024. This extension comes as exchanges adapt to recent regulatory changes intended to enhance oversight within the crypto sector. The regulatory updates necessitate that exchanges adhere to stricter licensing standards aimed at fostering a safer and more accountable trading environment. The precise implications of these regulations for existing and new exchanges are still unfolding, and the government hopes that this additional time will allow for better compliance and integration of necessary infrastructures. Industry stakeholders anticipate that the unfolding regulations will significantly impact the operational landscape of crypto exchanges in Indonesia, which is among the rapidly evolving markets for digital assets.

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