Copy link
Increase text size
Decrease text size
Link copied

Binance to set up a crypto exchange in Indonesia

Crypto exchange Binance has formed a joint venture with a consortium led by Indonesia’s largest telecoms company.

Image by: Wikimedia Commons

Sun, 19 Dec 2021, 08:33 am UTC

Crypto exchange Binance has formed a joint venture with a consortium led by Indonesia’s largest telecoms company. The venture aims to expand the country’s blockchain ecosystem and develop a new digital asset exchange.

In an announcement on December 15, 2021, blockchain and crypto infrastructure provider Binance said that it has formed a joint venture with a consortium led by MDI Ventures, according to Bitcoin.com. MDI is the $830-million venture capital arm of Telkom Indonesia, the largest telecom firm in the country.

“Binance will provide world-class asset management infrastructure and technology to support the development of the new exchange platform,” the company said.

“Our ambition at Binance is to grow the blockchain and cryptocurrency ecosystem globally, and this initiative in Indonesia is a significant step in that direction,” Binance CEO Changpeng Zhao (CZ) said.

Binance has recently faced scrutiny from regulators worldwide. As a result, the company has to introduce changes to its offerings and even plans to put up office in some jurisdictions to meet regulatory requirements.

The company recently announced that it will put up an office in the U.K. “We’re making a number of very substantial changes in organizational structures, product offerings, our internal processes, and the way we work with regulators,” CZ said in a recent interview. “We want to continue to establish a presence in the U.K. and serve U.K. users in a fully licensed and fully compliant manner.”

The crypto exchange plans to establish a separate company called Binance UK within 6 to 18 months. With an office, it hopes to address FCA concerns and make it easier for the regulator to monitor its compliance on money laundering and terrorist financing rules.

In October, Binance disabled futures, options, margin, and leveraged tokens in South Africa. “As Binance constantly evaluates its product and service offerings to comply with local regulations, we will cease offering the following products to South African users: futures, options, margin, and leveraged tokens,” the company announced.

It also announced in August that it will cease to offer crypto derivatives trading for existing Australian users. “Users will no longer be able to manually reduce or close their positions after 2021-12-23 11:59 PM (UTC),” the company said. “Thereafter all remaining open positions will be closed.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • kerissajacob
  • 2022.01.01 21:54:48
Do you need a herbal product to cure your Herpes Disease contact Priest Babaka to help and he will surely help you to cure your Herpes Virus in two weeks time ..I has suffered from Herpes Virus for 4 years that almost took my life, but one day I was searching for the possible cure on internet, so luckily I found so many Reviews about Priest Babaka on how he helps people in curing their deadly diseases, and I contacted Priest Babaka asked him for solutions and he started the remedies for my health. He prepared a powerful Herbal medicine for me and I received herbal medicine and after using it for 2 weeks my condition has greatly improved, All my symptoms/outbreak has stopped, So I went to my doc and was confirmed negative. I am Herpes Virus free! contact this Herbal doctor via his email: [email protected] or Facebook at priest.babaka
  • 0
  • ·
  • 0
  • kerissajacob
  • 2022.01.01 21:54:37
Do you need a herbal product to cure your Herpes Disease contact Priest Babaka to help and he will surely help you to cure your Herpes Virus in two weeks time ..I has suffered from Herpes Virus for 4 years that almost took my life, but one day I was searching for the possible cure on internet, so luckily I found so many Reviews about Priest Babaka on how he helps people in curing their deadly diseases, and I contacted Priest Babaka asked him for solutions and he started the remedies for my health. He prepared a powerful Herbal medicine for me and I received herbal medicine and after using it for 2 weeks my condition has greatly improved, All my symptoms/outbreak has stopped, So I went to my doc and was confirmed negative. I am Herpes Virus free! contact this Herbal doctor via his email: [email protected] or Facebook at priest.babaka
  • 0
  • ·
  • 0
  • Brittanydustin
  • 2021.12.28 13:52:13
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
  • 0
  • ·
  • 0
  • Brittanydustin
  • 2021.12.28 13:52:11
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
  • 0
  • ·
  • 0
  • Brittanydustin
  • 2021.12.28 13:52:08
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.( [email protected] ) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected] OR [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com/
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $37,447.00 (+3.31%)
  • Ethereum (eth) $2,442.65 (+1.56%)
  • Tether (usdt) $1.01 (+0.23%)
  • Binance Coin (bnb) $391.66 (+6.77%)
  • USD Coin (usdc) $1.01 (+0.23%)
  • Bitcoin (btc) $37,447.00 (+3.31%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft