Binance Invites Telkom and BCA to Create a Crypto Currency Exchange?

Uzone.id – Cryptocurrency investment (cryptocurrency) in Indonesia is increasingly widespread and seems to be increasingly attracting the attention of the public to the big players who manage the world’s crypto trading exchanges such as Binance.

As the world’s largest trading exchange platform, Binance Holdings is reportedly in talks with Indonesia’s richest man, the Hartono brothers, and PT Telkom Indonesia to establish a cryptocurrency trading exchange.

From an anonymous source, the discussion discussed the cooperation between Binance and BCA as a company held by the duo Budi and Michael Hartono and Telkom Indonesia. This crypto trading exchange is said to aim to expand adoption cryptocurrency in Indonesia.

Binance assesses that Indonesia has great potential, especially since this country is ranked fourth as the most densely populated country in the world, where the people do not have maximum and equitable access to bank loan services and other forms of official finance.

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quote Bloomberg, this deal will give Binance a greater foothold in today’s rapidly growing economy, while opening up opportunities for powerful entrepreneurs in Indonesia to be more deeply involved in digital currencies.

Predictions circulating, BCA can form a partnership with Binance through other related entities. There are no further leaks, because this discussion is ongoing and the terms of the agreement between the two parties are still subject to change.

“We support the continued growth of the blockchain industry globally and we are continuously looking for business opportunities in every country,” said a Binance spokesperson who declined to comment further.

Meanwhile, Telkom Indonesia is reportedly still studying new opportunities to collaborate with big players in the crypto exchange through its subsidiary MDI Ventures, especially considering the potential blockchain and crypto markets, as well as opportunities to take advantage of the group’s connectivity capabilities.

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From the BCA side, company representatives said that they had not discussed investment in this area at the board meeting. What is clear, BCA only emphasizes that they discuss collaboration with various business partners and have established partnerships with many fintech and e-commerce platforms.

As is well known, the Indonesian government has been supporting cryptocurrency assets, which means that they allow players to co-trade commodity futures as an investment option, and encourage the establishment of a crypto-focused exchange by the end of the year.

The Indonesian government does not allow the use of crypto assets as a form of currency, because the rupiah is the only legal tender.

Binance itself has invested in Tokocrypto, a cryptocurrency trading platform in Indonesia.