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Indonesia approves ICEx supported by $70 million to become the country's second official cryptocurrency exchange

GateNews

2026-01-12 01:36:35

PANews January 12 News, according to Techinasia, Indonesia's financial regulatory authority—the Financial Services Authority of Indonesia (OJK)—has issued a license to International Crypto Exchange (ICEx), allowing it to operate as the country's second official cryptocurrency exchange. Headquartered in Indonesia, ICEx has secured approximately 1 trillion Indonesian Rupiah (USD 70 million) in strategic funding from shareholders, including local cryptocurrency enterprises and digital asset companies. ICEx will be responsible for market trading reports, supervising market integrity, regulating members, and coordinating with regulatory agencies. Indonesia currently has two official cryptocurrency exchanges, and OJK stated that this is crucial for building a healthy ecosystem.

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