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BTSE Launches Cryptocurrency Trading Platform BTSE Indonesia

On July 5, blockchain trading and payment company BTSE Group officially launched its cryptocurrency trading platform BTSE Indonesia in Jakarta through a joint venture with PT Aset Kripto Internasional, completing the brand upgrade of the locally licensed platform NVX. BTSE will provide trading infrastructure and liquidity support, while the local Indonesian team will handle marketing, business cooperation, sales, and user growth. BTSE Indonesia has stated that it has obtained approval from the Indonesian Financial Services Authority (OJK) to operate as a regulated digital financial asset trading platform. This license is expected to support the future expansion of cryptocurrency futures and other businesses in compliance with local regulatory requirements. Official data shows that from January to November 2024, cryptocurrency trading volume in Indonesia reached 556.5 trillion Indonesian rupiah (approximately 31.2 billion USD), with registered cryptocurrency users reaching 22.11 million by November 2024.

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