The Battle for Crypto Exchange

Maladministration hangs over crypto exchange operator licensing process. A competitor emerges close to the deadline.

Aisha Shaidra

March 27, 2023

AFTER the Friday prayer on March 17, Didid Noordiatmoko hurried to the Indonesian Ombudsman’s office in Kuningan, South Jakarta. The chairman of the Commodity Futures Trade Regulatory Agency (Bappebti) was responding to the Ombudsman’s invitation concerning a complaint from Digital Futures Exchange (DFX) related to the planned crypto exchange. The company had applied for the license to manage the crypto exchange with Bappebti, but the

...

More Articles