Indonesian Minister of Commerce: cryptocurrencies will not be banned, but will be strengthened

On September 26, Indonesian Commerce Minister Muhammad Rudfi said Indonesia would not ban all cryptocurrencies, but would strengthen oversight. The country is exploring ways to reduce the risk of cryptocurrencies being used for financial crime. As it has been reported that the cryptocurrency market in Indonesia has grown rapidly over the past year and a half, the volume of 13 national exchanges has been approved by the board. From January to May 2021, it increased by 40%. (Bitcoin.com)