CFX Says Indonesia Has Great Potential to Become a Crypto Asset Trading Hub

The presence of PT Central Finansial X (CFX) at the TOKEN2049 event is expected to serve as a platform to introduce the development of regulations and the potential of Indonesia’s crypto market to the international community. CFX, the first crypto asset bourse in Indonesia licensed by the Financial Services Authority (OJK), presented a regulatory approach that is seen as driving domestic market growth.

CFX President Director, Subani, views this achievement as merely the early phase of the industry's growth. Moving forward, CFX plans to expand its products and the use of crypto assets, including the potential implementation of a rupiah-based stablecoin and the use of crypto assets as loan collateral.

Source: Tribun News