Indonesia is planning to launch a crypto bourse by the end of this year

The Indonesian Government is seeking to protect consumers amid rising interest in digital currencies.

The nation will launch a cryptocurrency bourse by the end of this year.

“We need to see which entities should be included in the bourse. Secondly, we need to validate the said entities. Thirdly, there is a minimum capital and other requirements related to custodian, depository, technical things,” Deputy Trade Minister Jerry Sambuaga said.

A bourse is a stock exchange in non-English speaking countries.

The Indonesian exchange was set to launch in 2021 but was postponed because of technical logistics.

Some executives in the sector are on board with the idea, believing it can add to the number of people taking part in the space.

There were $57.6 billion crypto transactions in Indonesia last year, with the number of users reaching 15.1 million as of June this year.