Indonesia’s Financial Services Authority (OJK) has officially approved and issued a license to ICEx, making it the country’s second cryptocurrency exchange to be licensed. This licensing move reflects ongoing efforts to formalize the digital asset market and strengthen regulatory oversight.
ICEx’s approval adds another regulated venue for traders in Indonesia, signaling a broader shift toward consumer protections and market integrity. The development may attract both local and international participants seeking compliant access to the country’s crypto landscape.
Regulators view the licensing as part of a broader regulatory framework to bolster transparency and risk controls across crypto markets. Market participants will be watching how ICEx maintains compliance and collaborates with authorities to safeguard investors.
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