{"id":54464,"date":"2021-12-10T13:59:34","date_gmt":"2021-12-10T11:59:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54464"},"modified":"2025-09-03T20:34:19","modified_gmt":"2025-09-03T17:34:19","slug":"bloomberg-reports-binance-plans-to-launch-a-bitcoin-exchange-in-indonesia","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bloomberg-reports-binance-plans-to-launch-a-bitcoin-exchange-in-indonesia\/","title":{"rendered":"Bloomberg reports Binance plans to launch a Bitcoin exchange in Indonesia"},"content":{"rendered":"<p>Cryptocurrency exchange Binance is in talks with Indonesia&#8217;s largest bank Bank Central Asia (BCA) and state-owned telecommunications company Telkom Indonesia to form a joint venture within the country. The information comes from <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-10\/binance-weighs-crypto-venture-with-indonesia-s-richest-family?sref=PFCuwcPr&#038;utm_medium=social&#038;utm_campaign=socialflow-organic&#038;utm_content=crypto&#038;utm_source=twitter\">Bloomberg<\/a>, citing informed sources.<\/p>\n<p>The deal concerns a platform for trading digital assets. Sources said the transaction is still under discussion, and its terms could change.<\/p>\n<p>Owned by Indonesia&#8217;s wealthiest family, the Hartono family, BCA could form a collaboration with the exchange through one of its units. Telkom Indonesia is interested in blockchain-sector investments through its venture arm, MDI Ventures.<\/p>\n<p>BCA and Telkom Indonesia are publicly listed companies. The former&#8217;s market capitalization exceeds $63 billion, the latter is valued at about $28.6 billion.<\/p>\n<p>Binance is already active in Indonesia. In 2020 the company acquired a controlling stake in the regulated bitcoin exchange Tokocrypto. In the next two to three years, the latter <a href=\"https:\/\/forklog.com\/en\/news\/indonesian-regulated-crypto-exchange-tokocrypto-plans-ipo\">plans to go public<\/a>.<\/p>\n<p>Earlier, Binance acquired an 18% stake in <a href=\"https:\/\/forklog.com\/en\/news\/binance-acquires-18-stake-in-singapore-based-security-token-platform-hg-exchange\">Singapore-based security-token platform Hg Exchange<\/a>.<\/p>\n<p>Earlier, Zhao said in December that the company aimed to <a href=\"https:\/\/forklog.com\/en\/news\/changpeng-zhao-outlines-binance-plans-to-obtain-registration-in-the-united-kingdom\">to obtain registration in the United Kingdom<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Binance is in talks with Indonesia&#8217;s largest bank Bank Central Asia and state-owned telecommunications company Telkom Indonesia to form a joint venture in the country.<\/p>\n","protected":false},"author":1,"featured_media":54465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1530],"class_list":["post-54464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-indonesia"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54464"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54464\/revisions"}],"predecessor-version":[{"id":54466,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54464\/revisions\/54466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54465"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}