🇮🇩 Indonesia's private cryptocurrency exchanges must register with CFX, the state-run exchange, and undergo regulatory review as per 2019 regulations. A local license, PFAK, is required for recognition as a legal business. CFX serves as a gateway for monitoring transactions for tax collection. There are currently 29 operating cryptocurrency exchanges, with the registration deadline set for August 17, 2024. 💼📈 #Cryptoregulations