🚀 **Crypto News Flash: Indonesia Extends Deadline for Exchange Licensing!**

- The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has extended the deadline for crypto exchanges to secure their Physical Crypto Asset Traders license until the last week of Nov. 2024.

- This extension is part of the newly revised Bappebti Regulation Number 9 of 2024.

- Key requirements include partnerships with local government bodies and implementing Know Your Transaction standards.

- INDODAX CEO Oscar Darmawan expressed gratitude for the extension, emphasizing it will strengthen the industry.

- The new regulations also open trading opportunities for institutional entities.

💬 What are your thoughts on these new regulations? Share in the comments!